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In an unprecedented event, Donald Trump has become the first president in US history to be convicted of a felony. Shares of his media company, Trump Media and Technology Group (DJT), are trading lower in reaction to this news.

Yahoo Finance's Rick Newman breaks down the details, providing insight into how this conviction could impact Trump's social media venture and his bid for reelection.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Angel Smith