Posted 4/13/2024, 3:00:07 PM
Trump Media Executives Stand to Gain Billions From Stock Payouts Despite Company Struggles
- Trump Media insiders, including Trump himself, stand to receive a $1.3 billion stock payout if shares stay above $17.50 for 20 days over the next 3 years
- The payout would give Trump an extra $1 billion in TMTG shares, but selling them could tank the volatile stock price
- The earnout value has already dropped by $1.3 billion as shares fell 59% from a high of $79.38 on March 26
- Trump is embroiled in a lawsuit over trying to dilute co-founders' stakes and faces 4 criminal prosecutions as he campaigns to return to the White House
- Determining the actual value of Trump Media is difficult given it lost over $55 million last year while generating just $4.1 million revenue