Trump poised to clinch $1.3 billion social media company stock award

Donald Trump is set to secure a stock bonus worth $1.3 billion from Truth Social. This windfall comes as a result of a wild rally in its shares. The $1.3 billion stock award not only underscores Trump’s entrepreneurial acumen but also serves as a validation of his vision for Truth Social as a prominent player in the digital realm. Trump’s impending receipt of the Trump Social Media Award reflects the evolving landscape of social media and its intersection with politics and business.

The award will take the former U.S. President’s overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion.

Although Trump agreed not to sell TMTG shares before September, the windfall significantly boosts his wealth. Forbes pegs it at $4.7 billion.

Under the terms of the SPAC deal, Trump will receive the stock bonus. If TMTG’s shares remain above $17.50 for 20 trading days, Trump qualifies. As of Monday, they traded at $35.50, doubling the qualifying price.

TMTG’s current valuation of approximately $5 billion is equivalent to about 1,220 times the loss-making company’s revenue in 2023 of $4.1 million.

The news of Trump’s imminent stock award has sparked widespread interest. Many are speculating about its potential impact. As Trump prepares to clinch the Trump Social Media Award, observers are closely monitoring the impact it may have on his political influence and financial endeavors.
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