Shares of Trump Media fell in extended trading after the company's largest stockholder, former President Donald Trump, was convicted of 34 felony counts.
Trump Media shares fell in extended trading after the company's largest shareholder, former President Donald Trump , was found guilty of all 34 felony counts in his New York criminal trial.
The stock slid as much as 15% after the verdict was read in the first criminal trial of a former U.S. president.shares fell as much as 15% in extended trading on Thursday after a New York jury found former President Donald TrumpThe stock, which trades under the ticker "DJT," recovered slightly as trading continued, but remained down about 9% in the early evening.Trump Media, which owns the Truth Social app, merged with shell company Digital World Acquisition Corp. in late March.
The company has a market cap of about $9 billion, based almost entirely on Trump's brand and his massive personal following. Trump Media reported a net loss in the first quarter of $327.6 million on less than $1 million in revenue.A way to play the global nuclear power renaissance from Morgan Stanley
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Donald Trump Awarded 36 Million More Trump Media Shares Worth $1.6 Billion After Hitting Price BenchmarksSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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Donald Trump just got another $1.8 billion worth of Trump Media stockFormer President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social.
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DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonusThe shares were part of a contractual “earnout bonus” that Trump’s eponymous media company agreed to shortly before it went public in March.
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DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonusThe shares were part of a contractual 'earnout bonus' that Trump's eponymous media company agreed to shortly before it went public in March.
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Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarksFormer President Donald Trump has secured another $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social.
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Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarksFormer President Donald Trump has secured another $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week.
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