Trump Media Continues To Morph With Spinoff Of Social Media Platform

2026-02-27 17:46:45

Abstract generation in progress

President Donald Trump’s social media company will be spun off in another strategic shift for Trump Media & Technology Group (DJT).

Trump Media announced Friday it plans to spin off Truth Social into a new publicly traded company after it closes the pending merger with TAE Technologies, a privately held nuclear fusion company that agreed to combine with Trump Media in December. The deal was valued at $6 billion.

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Shares of the spun-off company would be distributed to Truth Media shareholders of record before the TAE merger is completed. Truth Social would then be absorbed by Texas Ventures III, a special purpose acquisition company, or SPAC.

The nuclear fusion company would then remain part of a revamped Trump Media.

Discussions continue, and no definitive agreement has been reached, the companies added.

Another Change For Trump Media

Trump Media & Technology Group began as the parent company of Truth Social, a microblogging platform aimed at conservative users frustrated with what it calls censorship by other social media brands.

The company continues to transform itself. In December, it launched Truth Social exchange traded funds on themes such as defense and energy security. In October, it announced it would offer prediction markets via Truth Social through an agreement with Crypto.com. It has also launched an investment fund for bitcoin, a streaming video service, a fintech company and other businesses. Trump serves on the Truth Social board.

Friday’s news did little to revive Trump Media stock, which is trading near all-time lows and has a Relative Strength Rating of 12. The stock rallied more than 350% in the first three months of 2024, but has given back those gains and more. Shares fell 0.5% to 10.90 Friday morning.

President Trump owns 114.75 million shares of Truth Social. That’s about 40% of the 280 million shares outstanding.

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