Despite Donald Trump’s appeals for support, only a handful of people have shown up at the courthouse during his hush money trial. Trump has blamed authorities and reporters for the low turnout, but eyewitness accounts and videos indicate that the street remains open to traffic.
Former US President Donald Trump is set to receive a windfall of $1.3 billion in stock bonuses from Truth Social’s parent company, Trump Media & Technology Group (TMTG). This substantial payout represents nearly half of Trump’s current stake in the company and brings his total shareholding to a staggering $4.1 billion. The award is a reflection of TMTG’s recent share price surge, which has resulted in a significant increase in Trump’s wealth.
Former President Donald Trump’s stake in the parent company of his social media platform, Truth Social, is poised to increase by over $1 billion. This windfall is the result of the company’s stock price remaining elevated in recent weeks and comes at a crucial time for Trump, who faces substantial legal expenses and is gearing up his presidential campaign. The additional shares, known as earnout shares, are awarded based on the stock’s performance and will raise Trump’s stake in the company to approximately 65%. Despite market volatility and concerns over short-selling, Truth Social’s share price has remained above the levels set for the earnout, keeping Trump on track to receive the additional shares.
Former President Donald Trump stands to receive an additional 36 million shares of his social media company, Truth Social, worth approximately $1.2 billion. This bonus, known as an earnout, was triggered by Truth Social parent company, Trump Media & Technology Group (TMTG), meeting a performance threshold of trading above $17.50 for 20 trading days. Trump now holds a majority stake of 115 million shares, equivalent to 65% of the company and valued at over $4 billion. However, access to these funds may be limited by a lock-up period of 150 days following the company’s public listing, unless an exemption is granted by the board.
Trump Media & Technology Group, the company behind former President Donald Trump’s Truth Social platform, applied for an H-1B visa for a worker in June 2022. This contradicts Trump’s previous statements against H-1B visas, which he has called “very bad” and “unfair” for U.S. workers. The company claims the application was made under prior management and was terminated in November 2022. Trump’s son-in-law, Jared Kushner, also applied for an H-1B visa for his investment firm, but at a significantly higher salary level.
Trump Media & Technology Group, the company behind Truth Social, applied for an H-1B visa for a worker at a salary of $65,000, the lowest wage category allowed under the program. The company was approved for a visa a few months later but said it did not hire the worker. The move highlights the contrast between Trump’s campaign rhetoric and his business practices, as he has proposed a protectionist agenda for companies to “hire American.” Tech companies commonly use H-1B visas to hire employees, and Trump has previously used the visas himself. However, he has also said that the program should be reformed to ensure that visas are awarded to the highest-paid or most-skilled applicants to protect American workers.
Despite criticizing the H-1B visa program in the past, Donald Trump’s social media company, Truth Social, applied for an H-1B visa to hire foreign workers. The application, which was made in June 2022, was approved by federal immigration authorities but was ultimately terminated by the company in November 2022. This revelation is in stark contrast to Trump’s previous statements about the H-1B visa program, which he has called ‘very bad’ and ‘unfair’ for US workers.
Trump Media & Technology Group, the company behind Truth Social, filed an application in June 2022 for an H-1B visa for a worker at a $65,000 annual salary, the lowest wage category allowed under the program. The application was approved a few months later, but the company says it did not hire the worker. This action raises questions about Trump’s stance on immigration, as he has previously proposed a protectionist agenda for companies to ‘hire American.’
Former President Donald Trump is set to receive a $1.25 billion bonus from his media company, Trump Media and Technology Group (TMTG). The bonus is contingent upon the company’s stock price meeting certain benchmarks, which it has achieved. Trump’s stake in TMTG will increase to 65% of outstanding shares. However, due to a lockout provision, he is unable to use the funds to cover legal expenses. TMTG, the parent company of Truth Social, faces legal challenges and has experienced a significant drop in stock value since its peak in March.
Former President Donald Trump is set to receive an additional 36 million shares of Trump Media, worth over $1.25 billion, as an earnout bonus. This is contingent on the benchmark minimum share price of $17.50 being hit for 20 trading days within a 30 trading-day period, which it is expected to meet. When added to his existing shares, Trump’s total stake will be worth over $4 billion. The earnout is part of Trump Media’s merger deal with Digital World Acquisition Corp. Trump Media’s share price has fluctuated since its debut in March, currently trading around 50% lower.
