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

This is the best summary I could come up with:

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’s shares in his social media company have offered him a financial lifeline as he faces about $500m in legal penalties after being found liable in civil fraud, defamation and sexual abuse cases.

While he cannot sell his stock until September due to the terms of a lockup agreement, the shares’ fluctuating value have at times made him one of the world’s wealthiest people on paper.

After a stunning landing on New York’s Nasdaq stock exchange, the value of Trump’s social media company – which trades as DJT – has fallen drastically.

Trump is now on trial in a Manhattan courtroom, with prosecutors alleging that he sought to undermine the 2016 presidential election through making illegal hush-money payments to cover up his affair with adult film star Stormy Daniels.

Trump’s defense lawyers have maintained he is innocent of all 34 felony counts of falsifying business documents, in what is the first criminal trial of a former president in US history.

The original article contains 448 words, the summary contains 185 words. Saved 59%. I'm a bot and I'm open source!

3 comments

the grift of terrible human being meets the grift that is the stock market. awesome.
- It’s a feature of the current system.
This is the best summary I could come up with:
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’s shares in his social media company have offered him a financial lifeline as he faces about $500m in legal penalties after being found liable in civil fraud, defamation and sexual abuse cases.
While he cannot sell his stock until September due to the terms of a lockup agreement, the shares’ fluctuating value have at times made him one of the world’s wealthiest people on paper.
After a stunning landing on New York’s Nasdaq stock exchange, the value of Trump’s social media company – which trades as DJT – has fallen drastically.
Trump is now on trial in a Manhattan courtroom, with prosecutors alleging that he sought to undermine the 2016 presidential election through making illegal hush-money payments to cover up his affair with adult film star Stormy Daniels.
Trump’s defense lawyers have maintained he is innocent of all 34 felony counts of falsifying business documents, in what is the first criminal trial of a former president in US history.
The original article contains 448 words, the summary contains 185 words. Saved 59%. I'm a bot and I'm open source!