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-0.000454338936846959 -0.00193548387096775 -0.00408905043162198 -0.00363471149477519 -0.0110222626079055 -0.00863243980009092 -0.0204452521581099 -0.0291685597455702
Stock impact report

Trump Media & Technology Group says it may spin off Truth Social [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
Trump Media & Technology Group on Friday said it may spin off its Truth Social app into a separate, publicly traded business as it moves forward with a $6 billion merger with fusion energy company TAE Technologies. In a statement, Trump Media said that the spinoff, if approved, would occur after the merger with TAE is completed, and shareholders would be given stock in the newly separated business. Truth Social would then merge with another company, Texas Ventures III , a special purpose acquisition company formed in 2024 to acquire or merge with other businesses. According to Trump Media's most recent proxy, President Trump owns 52% of the company's outstanding shares. Mr. Trump, who has 11.8 million subscribers on Truth Social, is seen as the platform's greatest asset. Spinning off Truth Social would represent another strategic shift for Trump Media & Technology Group, which launched in 2021 as a business focused on the conservative-leaning social media space. Since its debut Show less Read more
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