A price floor means ex-president gets bonus even though Trump Media & Technology Group’s stock value has plummetedFormer president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain value despite falling sharply.Trump is poised to receive 36m additional shares in Trump Media & Technology Group (TMTG), owner of his Truth Social platform, under an “earn-out” windfall which boosts the paper value of his stake in the business to about...
Trump, who owns a majority stake in Trump Media and Technology Group, is due to receive an additional 36 million shares of the company on Tuesday.
The shares have already fallen nearly 60% since it first went public after a blank-check merger with Digital World Acquisition Corp.
When Donald Trump used another day in court to wish his wife Melania a happy 54th birthday, his former White House Communications Director reduced it to a petty "performance." And she suspects Melania was rolling her eyes."I want to start by wishing my wife Melania a very Happy Birthday," Trump said. "It would be nice to be with her, but I'm in a courthouse for a rigged trial But I do have to begin by wishing Melania Happy Birthday."ALSO READ: ‘Fraudulent’: Trump tormentor Lincoln Project loses...
Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
The first six jurors were selected in former President Donald Trump's hush money trial on Tuesday afternoon, after a two-day process, whittled down from a potential 96 potential candidates.
Criminal conspiracy and cover-up (First column, 4th story, link) Related stories:Silent and brooding, Trump endures courtroom ordealHas To Be 'Jolted Awake' AgainProsecutors make history with opening statementsTrial's First Witness Could Destroy Defense
Trump Media & Technology Group Corp (TMGT) shares plummeted after the entity filed to the U.S. Securities and Exchange Commission (SEC) to issue 21 million shares. The parent company of
Trump’s presidential campaign wants other Republicans to pay up, if they use the former president’s name, image or likeness in any fundraising solicitations.