Brett Arends, a journalist for MarketWatch, has expressed his concerns over Donald Trump’s $1.1 billion stock bonus deal with Trump Media & Technology Group Corp. (DJT) during CNBC’s “Last Call” on Tuesday. Arends described the deal as a “no-lose” situation for the former president, highlighting its favorable terms and Trump’s marketing strategies. According to Arends, the deal has increased Trump’s overall stake in the company to $3.7 billion shares.
As part of the bonus agreement, Trump has the potential to gain an additional $1.26 billion worth of DJT shares if the company achieves specific performance-based milestones. However, DJT shares have recently experienced a downward trend, raising questions about the company’s ability to meet these milestones.
The company has reportedly contacted Nasdaq regarding suspected short-selling activity in its shares, which may be contributing to the stock’s decline. As of Tuesday’s close, DJT shares stood at $32.57, significantly below their 52-week high of $79.38.
