Trump in Line for Extra SPAC Payday Despite $4.5 Billion Selloff Yahoo Finance

Image for article Trump in Line for Extra SPAC Payday Despite $4.5 Billion Selloff  Yahoo Finance
News Source : Yahoo Entertainment

News Summary

  • A rocky start for Trump Media & Technology Group Corp
  • shares has wiped out $4
  • 5 billion in market value
  • But it will have to lose a lot more than that to put at risk the massive special bonus due to the former president and his corporate insiders
  • As part of the startup’s blank-check deal, Trump Media insiders will divvy up 40 million new shares
(Bloomberg) A rocky start for Trump Media & Technology Group Corp. shares has wiped out $4.5 billion in market value in just a couple of weeks. But it will have to lose a lot more than that to [+4674 chars]

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