DJT stock plunges 8% as Trump qualifies for 36 million bonus shares
Publishing timestamp: 2024-04-23 16:44:15
Summary
Trump Media shares fell 8% as former President Donald Trump qualified for expected earnout bonus, potentially worth $1.15 billion. Trump's stake in the company could be worth about $3.7 billion with the bonus. The company also warned about potential market manipulation and highlighted steps shareholders could take to prevent short selling.
Sentiment: MIXED
Tickers: DJT,
Keywords: social media, markets, business news, politics, donald trump, breaking news: business, trump media & technology group corp, business, media, breaking news: politics, breaking news: markets,
Source: https://www.cnbc.com/2024/04/23/trump-media-shares-plunge-before-former-presidents-stock-bonus.html