"Trump Media Stock Plummets, Investors Face Losses and Uncertain Future"

1 min read
Source: Fortune
"Trump Media Stock Plummets, Investors Face Losses and Uncertain Future"
Photo: Fortune
TL;DR Summary

Trump Media & Technology Group Corp. shares have plummeted, wiping out $4.5 billion in market value, but the special bonus for former President Donald Trump and corporate insiders remains intact as long as the stock stays above certain levels. The earnout, part of the startup’s blank-check deal, could result in a $1.3 billion payday for Trump and co-founders if the stock trades above $17.50 for 20 days out of a 30-day period over the next three years. However, the actual value of Trump Media is hotly debated, and the stock's behavior is influenced by non-rational factors. Trump is also embroiled in a lawsuit with co-founders and faces criminal trials as he campaigns to return to the White House.

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