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
Trump has violated his gag order seven more times since Monday, according to the prosecution in his New York hush money trial. Renato Mariotti, Ameshia Cross, and Dean Obeidallah join Ayman Mohyeldin to discuss what could change after Trump’s gag order on Tuesday and how Trump’s behavior inside and outside the courtroom is hurting him both politically and personally.
Former President Donald Trump seems unable to prevent his campaign from struggling as he instead focuses on "playing the victim" in the throes of his hush-money criminal trial in New York, according to former Trump aide Alyssa Farah Griffin.Trump's trial on 34 felony counts of falsifying business records, which began in Manhattan this week with jury selection, is expected to continue into June. The former president and presumptive 2024 GOP presidential nominee has pleaded not guilty to all...
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
Donald Trump's lawyers have just 24 hours to hand over evidence to prosecutors or risk seeing it banned from the former president's criminal hush money trial, according to a reporter inside the courtroom. New York City Judge Juan Merchan set the deadline Monday after Assistant District Attorney Josh Steinglass said Trump's attorneys had failed to turn over any of the exhibits they plan to use in the former president's defense, according to Law 360 reporter Stewart Bishop. Trump's legal team was...
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
Former President Donald Trump railed against the gag order Judge Juan Merchan put in place that bars Trump from talking about witnesses, jurors, prosecutors’ staff, court staff and the family members of court staff and prosecutors.