Media & Technology Business

Trump Media & Technology Group said Friday it is exploring a plan to spin off its Truth Social platform into a separate publicly traded company after completing a roughly $6 billion merger with fusion energy firm TAE Technologies. Under the concept outlined in a company statement, existing Trump Media shareholders would receive stock in a newly separated Truth Social entity, which would then merge with Texas Ventures III, a special purpose acquisition company formed in 2024. The move would mark yet another strategic pivot for Trump Media, which launched in 2021 as a conservative‑leaning social network, has struggled to grow ad revenue—reporting a 4% revenue drop in the quarter ended Sept. 30—and has since branched into crypto reserves and financial products, including a $2 billion bitcoin purchase. Trump, who owns about 52% of Trump Media and has 11.8 million Truth Social followers, remains the platform’s central draw even as DJT shares have fallen about 18% this year and now trade near $11. The company emphasized that discussions about a spin‑off are ongoing, offered no timetable, and cautioned there is no guarantee it will proceed, but the possibility puts fresh questions on the table for investors about the future structure and viability of Trump’s media and tech ventures.