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Trump's Truth Social Jackpot: 36 Million Shares Up for Grabs

Trump's Truth Social Jackpot: 36 Million Shares Up for Grabs
Trump's Truth Social Jackpot: 36 Million Shares Up for Grabs

Despite Truth Social's volatility, Donald Trump is poised to receive another 36 million shares of the company if shares remain above $17.50 through the end of trading Tuesday.

The company can issue additional shares to those who had a pre-merger interest in Trump Media, including Trump himself, if the average price per share stays above $12.50 for at least 20 of the first 30 days it is traded. Tuesday will mark the 20th day of trading for the company, and it has stayed well above that figure.

If the price stays above $17.50, Trump would be eligible to receive 90% of 40 million shares—or 36 million. At current prices, that would be valued at over $1.25 billion.

Analysts are skeptical of Trump Media, saying the company is overvalued and the stock price does not accurately reflect the company's fundamentals.

Trump Media lost $49 million in the first nine months of last year, when it brought in just $3.4 million in revenue. In the past month, the company's market cap has fallen from $10 billion to $4.78 billion. Shares were down 4% in midmorning trading Monday.

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