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Axios
Axios
Business

Trump's conviction barely dents Truth Social stock

Donald Trump Truth Social
Data: Yahoo Finance; Chart: Axios Visuals

Former President Trump's social media company began preparing for a legal loss like Thursday's conviction long before he had even been indicted.

Behind the scenes: In its October 2021 merger agreement with a blank-check company, Truth Social's parent company identified two "material disruptive events," one of which was a felony conviction.

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