Trump Media Share Price Plummets, But Lucrative Bonuses For Trump Still Likely
-
Trump Media shares have lost $4.5 billion in market value in a few weeks, but would need to fall much further to jeopardize a $1.3 billion special bonus for Trump and other insiders.
-
The bonus is triggered if shares trade above $17.50 for 20 days in the next 3 years. At $32.59 currently, that target could be met by April 23.
-
The value of the bonus has dropped along with the share price, but insiders are protected even if shares fall below $17.50, with a sliding scale of shares awarded.
-
Turning paper wealth into real cash will be challenging given the volatility and liquidity constraints, but even selling at a fraction of current prices would be very lucrative.
-
Questions remain around how quickly Trump can capitalize on his stake worth over $1 billion on paper, and what selling would do to the share price.