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...
Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
Shares of Donald Trump's social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.
.The filing showed a potential sale of 146.1 million shares including 114.8 million shares owned by Trump himself.
.Trump's media company raises going-concern doubts; shares tumble.It also listed an additional 21.5 million shares that could be sold upon the exercise of...
Sanctions may rain down on Donald Trump in the form of fines and jail threats for potentially breaching his hush money trial gag order by his rampant social media posts and quotes — but prosecutors may also put all of them into evidence that could be used as fodder to radically sway his jury. Manhattan District Attorney Alvin Bragg's prosecution team on Tuesday asked the judge to dock the former president for at least 10 posts on his social media account and campaign website that appeared as...
Shares of Truth Social parent company have fallen 60% since March market debut as ex-president under financial pressureShares of the former president Donald Trump’s social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.The filing showed a potential sale of 146.1m shares in Trump Media & Technology Group, including 114.8m shares owned by Trump himself. Documents...
Eleven Republicans have been indicted by a grand jury in Arizona and charged with conspiracy, fraud and forgery for falsely claiming that former President Trump had won the state in 2020 over then-Democratic nominee Joe Biden. "I will not allow American democracy to be undermined," Arizona Attorney General Kris Mayes said in a Wednesday video announcing the indictments over the "fake elector scheme." She added, "The investigators and attorneys assigned to this case took the time to thoroughly...
The 11 people who had been nominated to be Arizona's Republican electors met in Phoenix on Dec. 14, 2020, to sign a certificate saying they were "duly elected and qualified" electors and claiming that Trump carried the state. The document was later sent to Congress and the National Archives, where it was ignored.
PHOENIX >> Eleven Republicans who submitted a document to Congress falsely declaring that Donald Trump beat Joe Biden in Arizona in the 2020 presidential election were charged today with conspiracy, fraud and forgery, marking the fourth state to bring charges against “fake electors.”
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.
An Arizona grand jury has indicted 18 allies of Donald Trump for their
Former President Trump fired back Wednesday after Jimmy Kimmel ripped him in jokes about his New York hush money criminal trial and his social media company’s plummeting stock. In a morning post on
Along with 11 fake electors, seven allies of the ex-president including Mark Meadows and John Eastman were also chargedAn Arizona grand jury has charged 18 people involved in the scheme to create a slate of false electors for Donald Trump, including 11 people who served as those fake electors and seven Trump allies who aided the scheme.Kris Mayes, Arizona’s Democratic attorney general, announced the charges on Wednesday, and said the 11 fake electors had been charged with felonies for fraud,...