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Stock impact report

DJT Eyes Truth Social Spinoff as Trumps Lean into Fusion Fantasy [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
DJT Eyes Truth Social Spinoff as Trumps Lean into Fusion Fantasy - Moby BREAKING NEWS The President's eponymous social media company, Trump Media & Technology Group (DJT), fell nearly 2.5% Friday after it announced it plans to spinoff Truth Social, the far-right social media site and the company's only notable asset The separation looks less like a strategic pivot and more like DJT setting up Truth Social for a reverse merger it likely can't execute on its own via a SPAC, Texas Ventures Acquisition III. Remember, in December of last year, Trump Media announced a merger with TAE Technologies, a private fusion energy company in an all-stock transaction worth $6 billion. The deal would let the newly combined company shed the social media site and the other dead weight. DJT owns Truth+, a streaming/video service built around “news, Christian content, and family-friendly content” and Truth.Fi , an early-stage “America First” investment and crypto brand, but they're not all that re Show less Read more
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