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: business, donald trump, breaking news: politics, markets, trump media & technology group corp, politics, business news, breaking news: markets, devin nunes, social media,
Source: https://www.cnbc.com/2024/04/22/djt-trump-set-to-get-millions-more-trump-media-shares.html