Trump Media Shares Drop Over 2% Amid Regulatory and Political Uncertainty

Shares of Trump Media (NASDAQ: DJT) witnessed a notable decline of more than 2% during trading on Friday, December 20, on the US stock exchange. This downturn followed the announcement by President-elect Donald Trump that he had transferred his entire stake in the company to a trust fund, a move intended to address concerns about potential conflicts of interest. This decision, detailed in regulatory filings released earlier this week, aimed to mitigate public scrutiny over Trump's financial ties to the company.

Adding to the pressure, the company’s shares were further impacted by the failure of a key legislative deal in the US House of Representatives on Thursday night. The proposed agreement, backed by the president-elect, sought to prevent a government shutdown and avert a potential political crisis that could destabilize the broader US economy. The failure of the deal heightened uncertainty in financial markets, contributing to the negative sentiment surrounding Trump Media's stock performance.

By the end of Friday's session, Trump Media’s stock had declined by 2.63%, translating to a loss of $0.93 per share, with the stock trading near the $34.48 level. This decline underscores growing caution among investors amid ongoing regulatory developments and political tensions, both of which are fueling concerns about market stability and the company's future outlook.

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