Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
Trump will receive an additional 36 million shares, worth about $1.15 billion, if the stock closes above a $17.50 minimum share price.
The price of DJT has sharply fallen in recent weeks, cutting billions of dollars in value from Trump Media shares held by Donald Trump and others.
Donald Trump owns nearly 60% of Trump Media, which operates the Truth Social app. DJT shares are sharply down since their March trading debut.
Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.
President Joe Biden says he is willing to debate Donald Trump later this fall.
President Joe Biden says he is willing to debate Donald Trump later this fall.
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...
US stocks fell on Wednesday, struggling to mount a comeback as investors’ interest rate worries coincided with a fresh slate of corporate earnings. After all three major indexes started the day in the green, the S&P 500 (^GSPC) ended down about 0.6%. The Dow Jones Industrial Average (^DJI) lost a more modest 0.1%. Meanwhile, the […]
NEW YORK (AP) — President Joe Biden said Friday that he is willing to debate his presumptive Republican opponent, Donald Trump, later this fall – his most definitive comment yet on the issue. Join our WhatsApp group Subscribe to our Daily Roundup Email Trump said he was ready, though he questioned Bidens’s willingness. Biden’s comment
NEW YORK (AP) — President Joe Biden said Friday that he is willing to debate his presumptive Republican opponent, Donald Trump, later this fall – his most definitive comment yet on the issue. Trump said he was ready, though he questioned Bidens’s willingness. Biden’s comment came during an interview with the Sirius XM radio host […]
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.