Even with the bounce, the stock has shed some $5.4 billion from last month, with the value of Trump’s position dropping to $2.1 billion.
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.
Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
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
This move by the company raises eyebrows considering Trump's previous efforts to limit the program during his presidency, a stance that some of his allies still support for a potential second term.
New York State Supreme Court Justice Juan Merchan, presiding over Donald Trump's criminal hush money trial, should impose a monitor for the ex-president's social media posts amid his gag order, legal analyst and former federal prosecutor Andrew Weissmann said.Trump, the presumptive 2024 Republican presidential nominee, last week became the first former president in U.S. history to stand trial in a criminal case. Following an investigation by Manhattan District Attorney Alvin Bragg's office,...
After weeks of plunging in value, former President Donald Trump's media company stock appears to be on the upswing Monday.According to CNBC, "The share price of Trump Media soared by more than 12% in afternoon trading Monday, continuing a stunning rise that began in mid-April. The DJT ticker was up more than $5 per share just before 1 p.m. ET." The company in question, which went public following a merger with a special purpose acquisition company, manages the former president's Truth Social...
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...
By MARTHA MENDOZA Associated Press WASHINGTON (AP) — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. “If I woke up tomorrow and
By MARTHA MENDOZA Associated Press WASHINGTON (AP) — With Donald Trump facing dozens of federal criminal charges and hundreds of millions in legal expenses, Trump Media & Technology Group Corp. went public on the Nasdaq exchange March 26. Its performance has confounded analysts. It’s gone up and down and defied Wall Street expectations. That is,
With Donald Trump facing dozens of federal criminal charges and hundreds of millions in legal expenses, Trump Media & Technology Group Corp. went public on the Nasdaq exchange March 26