• ganksy@lemmy.world
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    7 months ago

    Trump is Trump Media’s biggest shareholder, with 57.3 percent of the company, or 78.7 million shares — a stake worth about $2.9 billion based on the stock’s closing price Monday.<

    Through an “earnout” provision, Trump stands to receive another 36 million shares if the price stays above $17.50 for 20 days, which could happen as soon as April 26 and would raise his total stake to $4.2 billion.< https://www.washingtonpost.com/technology/2024/04/07/trump-media-truth-social-payout/

    I got my eye on that April 26 date. We’re on track to see the mustard hit the wall on that day. God speed the short sellers!!