Former President Donald Trump has secured another $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week.
FILE - Pedestrians walk past the Nasdaq building as the stock price of Trump Media & Technology Group Corp. is displayed on screens, March 26, 2024, in New York. A Delaware judge on Tuesday, April 30, granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a lawsuit filed by two cofounders of the company. – Former President Donald Trump has secured an additional $1.
. That brings his total ownership to more than 114 million shares, which based on Wednesday morning's stock price, are worth $5.7 billion.Trump, the presumptive Republican presidential nominee, now owns close to two-thirds of the company's outstanding shares. On March 26, the first day of trading after Trump Media closed the merger with Digital World Acquisition, shares in the newly combined companyLess than a week after that flashy stock market debut, Trump Media disclosed that it lost nearly $58.2 million last year,
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