The 2024 election is a rematch between President Joe Biden and former President Donald Trump, but it will be a repeat in other ways, too. This year’s race is shaping up to be a contest over a handful of dominant issues, with inflation and the border benefiting Republicans while Democrats see abortion and what they […]
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...
Judge Juan Merchan told President Donald Trump’s defense team they were "losing all credibility" during a Tuesday hearing on whether the 45th president violated a gag order in the Manhattan criminal trial. "I have to tell you right now, you’re losing all credibility in the court," Merchan told Trump attorney Todd Blanche on Tuesday. Tuesday’s court proceedings began with Merchan hearing the prosecution's request that Trump be held in contempt for violating a gag order that bans him from...
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.