Former President Donald Trump has been awarded an additional 36 million shares
in Trump Media & Technology Group, the company that owns his social media
platform, Truth Social, securing another $1.8 billion worth of the shares. The shares
were awarded due to the stock being above $17.50 each for 20 consecutive days.
With this, it brings Trump’s total ownership to more than 114 million shares, worth
$5.7 billion, which is about two-thirds of the company’s shares. Trump is restricted
from selling any shares for six months after Trump Media went public without
securing a waiver from the company’s board.
By - FZ
