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Keyword: djtstock

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  • Donald Trump just got another $1.8 billion worth of Trump Media stock

    04/30/2024 3:35:24 PM PDT · by Diana in Wisconsin · 28 replies
    Channel 3000 News/CNN ^ | April 30, 2024 | CNN Staff
    Former President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social. Trump Media & Technology Group disclosed the windfall for Trump in a filing Tuesday, saying the former president has received another 36 million shares in the company. That bonus, known as “earnout” shares, was triggered by the company’s share price staying above certain levels. Trump Media said in the filing that on April 26 it officially determined the performance criteria “had been satisfied” and Trump was “subsequently issued the Earnout Shares.” At current prices, those new shares are valued at approximately...
  • Trump Media alerts Nasdaq to potential market manipulation from "naked" short selling of DJT stock

    04/19/2024 8:11:16 AM PDT · by zeestephen · 39 replies
    CNBC Business News ^ | 19 April 2024 | Dan Mangan
    Trump Media CEO Devin Nunes in his letter to [Nasdaq CEO] Friedman did not directly accuse anyone in particular of naked short selling, which is the [short] sale of stock without first having borrowed [the stock] for that purpose...But Nunes noted that as of Wednesday "DJT appears on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity."..."This is particularly troubling given that 'naked' short selling often entails sophisticated market participants profiting at the expense of retail investors," Nunes said.
  • Trump Media tells shareholders how to block their DJT stock being loaned to short sellers

    04/18/2024 8:07:18 AM PDT · by zeestephen · 30 replies
    CNBC Business News ^ | 18 April 2024 | Dan Mangan
    Trump Media, in an update to a FAQ on its website, provided tips to shareholders on how to avoid their stock being loaned out for short selling...The tips come as the share price of DJT has plunged since March 26, when the company that owns the Truth Social app began being publicly traded...Trump Media's biggest shareholder is Donald Trump...