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.
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.
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
President Biden is earning laughs with jokes that hit Donald Trump in the gut. As Trump's only going concern continues to spiral, and the prospect of a criminal conviction looms, President Biden took a moment to point out that Trump's tax plans for the rich may soon not apply to Trump. — Read the rest
Back during the Trump years, the media spent an inordinate amount of time dissecting every last detail of this tabloid journalism fodder we’re now seeing play out in a New York City courtroom — whi
After two days of jury selection in his first criminal trial, Donald Trump is expressing some confusion about the selection process. He complained Wednesday on Truth Social that he thought that "STRIKES were supposed to be 'unlimited' when we were picking our jury? I was then told we only had 10, not nearly enough when we were purposely given the 2nd Worst Venue in the Country." Putting aside the offbeat capitalization and venue grousing, let’s clear up the rules that anyone sitting in a...
Donald Trump's media group said Tuesday it will launch a streaming television platform, but its shares continued to tumble on Wall Street.The announcement came as 77-year-old former US president Trump sat through a second day of jury selection in his historic criminal trial.No other ex-president in US history has been hauled before a criminal court and the trial in a Manhattan courthouse comes as scandal-plagued Trump is fighting to make a shock return to the White House in November.Trump is...
The stock price for Donald Trump’s social media company slid again Monday, pushing it more than 66% below its peak set late last month. Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It’s a sharp comedown since nearing $80 after the owner of […]
NEW YORK >> The stock price for Donald Trump’s social media company slid again Monday, pushing it more than 66% below its peak set late last month.