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The Guardian - US
The Guardian - US
Business
Nick Robins-Early

Trump to receive bonus worth $1.2bn for Trump Media stock performance

Trump Media Donald Trump United States Trump Media & Technology Group ( Truth Social
Donald Trump against the backdrop of a US flag with a smartphone showing the Truth Social logo
Opening day saw the value of Trump Media & Technology Group stock at almost $80; as of Tuesday it was trading at $32.57. Photograph: Dado Ruvić/Reuters

Former president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain value despite falling sharply.

Trump is poised to receive 36m additional shares in Trump Media & Technology Group (TMTG), owner of his Truth Social platform, under an “earn-out” windfall which boosts the paper value of his stake in the business to about $3.7bn.

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