Trump Bags $1 Billion Bonus From Truth Social Stock Performance
Former President Donald Trump on Tuesday reaped a stock bonus of around $1.2 billion for his shares in Trump Media & Technology Group (TMTG). Trump was eligible for the bonus amounting to 36 million shares of TMTG…
Former President Donald Trump on Tuesday reaped a stock bonus of around $1.2 billion for his shares in Trump Media & Technology Group (TMTG).
Trump was eligible for the bonus amounting to 36 million shares of TMTG, which runs his social media platform Truth Social, because of the consistently elevated share price, Reuters reported. The closing price on Tuesday of $32.56 was far above the requirement for 20 consecutive days of trading over $17.50 necessary for Trump to receive the bonus.
The stock surged during its first official days of trading to well over $60 per share after shareholders approved a merger