Donald Trump just got another $1.8 billion worth of Trump Media stock
CNN
Former President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social.
Former President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social. Trump Media & Technology Group disclosed the windfall for Trump in a filing Tuesday, saying the former president has received another 36 million shares in the company. That bonus, known as “earnout” shares, was triggered by the company’s share price staying above certain levels. Trump Media said in the filing that on April 26 it officially determined the performance criteria “had been satisfied” and Trump was “subsequently issued the Earnout Shares.” At current prices, those new shares are valued at approximately $1.8 billion on paper – though the share price has been extremely volatile. Trump now holds an even more dominant stake in Trump Media, amounting to 114.75 million shares, or 64.9% of the total outstanding.
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What is Corporate America so afraid of?