At this price level, President Trump’s shares, which amount to nearly 60% of Trump Media, are now worth around $6 Billion; truly framing up “Winning” while Letitia and the woke mob stew in anger - and adding to the fury, Peter Schiff just recommended the stock:
$DWAC is now $DJT. Shares are up another 50% so far today. At this rate Poor Don could not only become the world's richest man, but the world's first trillionaire. Everyone just needs to #HODL. Forget #Bitcoin, just go all in on DJT. It's the new BTC. Laser eyes, diamond hands!
— Peter Schiff (@PeterSchiff) March 26, 2024
President Trump must wait at least six-months to sell shares based on a lock-up agreement, a common constraint for founders and large shareholders of newly public companies. Given the good news at the New York Appellate Court yesterday, where his bond requirement fell to $175 million and the deadline was extended by 10 days, he no longer faces a cash crunch; President Trump stated that he would pay the $175 million in cash.
The trading of the shares (currently at $71) values the Nasdaq-listed company at around $10 billion.
Based on a report by Bloomberg, a portion of that paper wealth is also is dependent on shares meeting performance requirements. President Trump also could earn an additional $2.2 billion worth of shares if the stock meets performance targets, according to data compiled by Bloomberg.
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