What's happened
Donald Trump has been awarded a $1.8 billion stock bonus from Trump Media, the parent company of Truth Social, increasing his ownership stake to around 65%. The bonus comes as the company's share price remains above certain target levels, despite recent fluctuations.
Why it matters
The award of the stock bonus to Donald Trump has significant financial implications, increasing his net worth and ownership stake in Trump Media. The bonus comes at a crucial time as Trump faces legal challenges and is ramping up his political campaign.
What the papers say
The Guardian reports that Trump qualified for the bonus despite a sharp decline in the stock value, while Business Insider UK highlights the rebound in Trump Media's shares following a post-IPO decline.
How we got here
Trump Media & Technology Group, the parent company of Truth Social, went public via a SPAC merger, leading to a surge in the stock price initially. However, the stock value has since fluctuated, with Trump's net worth being impacted by these changes.
Common question
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