Trump awarded another $1.8 billion worth of Trump Media stock
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Trump to receive bonus worth $1.2bn for Trump Media stock performance
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...
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'Stunning rise': Trump Media's stock value shoots up after weeks of crashing
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...
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In an unprecedented move, Trump Media asks Congress to investigate 8 firms for short selling its stock
Investors in Trump Media could use some Dramamine. The holding company of Donald Trump’s Truth Social has seen its stock take a roller-coaster ride in its short time on the market, with fluctuations ranging from around $66 to $22 in just one month’s time. There are basically two sorts of investors—the Trump faithful and people who are betting on the company to fail. And the management of Trump Media, last month, began waging war on the doubters. The first step was asking regulators at...