Trump has nearly 2 billion USD more

Former US President Donald Trump this week received an additional 36 million Trump Media shares, worth $1.7 billion.

Under the terms of last month’s merger with Digital World Acquisition Corp, Mr. Trump would receive additional shares if Trump Media’s stock price reached $17.50 or more in the first 20 trading sessions. He achieved that goal on April 23.

A report filed with the US Securities and Exchange Commission (SEC) on April 30 showed that Mr. Trump received an additional 36 million shares of this company. In total, Trump now owns more than 114 million, or nearly 70% of the outstanding shares of Trump Media. With the closing price on May 1 of $45, the value of the shares owned by the former US President is about $5.2 billion.

However, this asset is only "on paper", because the former US President is banned from selling it within 6 months from the time the company's shares are traded on the US stock exchange.

Trump Media stock price performance over the past year. Source: *CNN*

Trump Media merged with Digital World Acquisition Corp in late March, then began trading on the Nasdaq on March 26, priced at $70.90. During its first session, the company's shares briefly touched $80, raising the company's valuation to more than $9 billion.

The stock has been on a tear for the past few weeks, rebounding since mid-April. Trump Media’s stock performance is consistent with what some analysts warned last month that Wall Street had overvalued the company.

Truth Social (a social network founded by Trump and part of Trump Media) is not doing well on fundamental metrics like revenue, profit, and users. The company lost $58 million on revenue of $4.1 million last year.

Truth Social has nearly 500,000 users, down half from the same period last year. This number is quite small compared to other major social networking platforms in the world , such as X or Facebook...

Ha Thu (according to AP)

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