Trump to receive bonus worth $1.2bn for Trump Media stock performance

A price floor means ex-president gets bonus even though Trump Media & Technology Group’s stock value has plummeted

Former president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain value despite falling sharply.

Trump is poised to receive 36m additional shares in Trump Media & Technology Group (TMTG), owner of his Truth Social platform, under an “earn-out” windfall which boosts the paper value of his stake in the business to about $3.7bn.