|
Reuters/Sam WolfeDonald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday—a so-called "earnout" bonus that'd be worth more than $1 billion at Monday's closing price.
To officially secure the earnout, the former president needs Trump Media, the parent company of his Truth Social app, to be trading at more than $17.50 per share when the closing bell rings on Tuesday afternoon.
With Trump Media trading at double that amount per share on Monday, it'd take a last-second implosion for Trump to not qualify for the share infusion that will add a significant chunk to his net worth.
Read more at The Daily Beast.
|
|
(First column, 8th story, link)
Related stories: Prosecutors make history with opening statements... Engaged in criminal conspiracy and cover-up... Trial's First Witness Could Destroy Defense... Judge Orders The Don to Sit Like a Dog... Has To Be 'Jolted Awake' In Court... Will Mountain of Evidence Be Enough to Convict? Angrier and more isolated on 'TRUTH'...
|
|
European officials threatened to fine TikTok and force it to remove some features, the latest regulatory challenge for the Chinese-owned social media app.
|
|