Former President Trump nets extra $1.8 billion of stock in his media company

Former President Donald Trump has netted another $1.8 billion worth of stock in his newly public company, Trump Media & Technology Group (TMTG), whose main asset is the social media platform Truth Social.

The company awarded the Republican presidential candidate an "earnout" bonus of 36 million additional shares for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according to a Tuesday regulatory filing. An "earnout" bonus is triggered when stocks stay above a certain level.