Donald Trump, Netflix and Paramount
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Stocks and cryptocurrencies tied to President Donald Trump have plunged. Shares of Trump Media & Technology Group have fallen more than 70%.
The Nasdaq-listed company, which holds more than $1 billion from the president’s crypto project, disclosed a sweeping leadership change in a late-night filing before Thanksgiving.
A ruling in favor of Trump’s position has been expected by legal experts because the justices have been chipping away at a precedent known as Humphrey’s Executor.