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Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus - TL;DR CNBC

Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus

Publishing timestamp: 2024-04-22 16:09:59


Summary

Former President Donald Trump is set to receive 36 million additional shares of Trump Media, worth over $1.25 billion, after the company's stock met a minimum share price benchmark. Despite a recent drop in share price, it is unlikely that the stock will fall below the benchmark by the end of trading on Tuesday. Trump's total stake in Trump Media would be over $4 billion on paper.


Sentiment: NEUTRAL

Tickers: DJT

Keywords: businessdonald trumpbreaking news: politicsmarketstrump media & technology group corppoliticsbusiness newsbreaking news: marketsdevin nunessocial media

Source: https://www.cnbc.com/2024/04/22/djt-trump-set-to-get-millions-more-trump-media-shares.html


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