Trump Media Shares Surge 50%, Trump Receives $1.8B Bonus, Valuation Hits $10B

Shares of Trump Media, represented by the ticker $DJT, have experienced significant movements recently. The stock has risen by 50% over the past week, according to CNBC. This surge comes despite concerns about potential dilution from massive earn-out shares, which are not included in the current outstanding shares totaling 176,700,583 as of April 30, 2024. Additionally, Trump Media's financials reveal a valuation of approximately $10 billion based on $4 million in revenue and over $50 million in expenses for the first quarter of 2024. In a related development, Donald Trump has increased his stake in the company, receiving 36 million shares worth $1.8 billion as an earnout bonus, bringing his total ownership to 114.75 million shares, valued at $5.7 billion by TrumpTracker™. His share stake increased from 57.6% to 64.9%.