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-0.000938086303939942 -0.000938086303939942 -0.00281425891181983 -0.00328330206378988 -0.00891181988742954 -0.00515947467166977 -0.000787992495309565 0.00375234521575994
Stock impact report

Trump Media Weighs Truth Social Spinoff Following Bitcoin, Crypto ETF Moves [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
Trump Media and Technology Group (DJT) is considering spinning off Truth Social—its free speech-focused social media platform championed by President Donald Trump—into its own public entity, the firm announced on Friday. The move would see Truth Social and other Trump Media businesses become SpinCo, which would then merge with Texas Ventures III. However, some assets and businesses would remain with the Trump Media, though the firm did not indicate which. Shares of the new entity would be provided to DJT shareholders prior to the firm's announced merger with TAE Technologies, a power fusion firm that is still in a pending merger with the Trump Media “The contemplated transaction is intended to create shareholder value through the creation of pure play companies, each with distinct strategies,” the firm's announcement reads. The news did not immediately register any positive impacts for DJT shareholders though. Shares in the firm are down around 2.10% today as broader markets Show less Read more
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