Trump’s Truth Social in talks to spin off into publicly traded company
Trump Media & Technology Group is looking to reorganise its business, with plans to spin off its social media platform Truth Social into a separate publicly traded company. The company, founded by US President Donald Trump, on Friday, confirmed that it is in discussions with TAE Technologies and Texas Ventures Acquisition III about the proposed deal. The move would split TMTG’s social and digital media business from its recently announced fusion energy venture, creating two publicly traded companies with different strategies. Under the plan, as shared by Reuters, shares of the new company would be given to eligible TMTG shareholders, after which the entity would merge with a special purpose acquisition company. The parent of Truth Social reported that its net loss widened to $712.3 million in 2025, compared with $400.9 million a year earlier. The company said the increase mainly reflected unrealised losses from its purchase of bitcoin and Cronos.TMTG finished 2025 with about $2.5 billion in financial assets, more than triple the $776.8 million it held a year earlier. Net sales rose slightly to $3.68 million from $3.62 million in 2024, Reuters reported.Founded by Trump and known for its Truth Social platform aimed at conservative audiences, TMTG has faced challenges in expanding its media business due to competition from larger social networks and uneven user growth. The company is now trying to move beyond its core platform and attract investor interest in emerging energy technologies.TMTG said no definitive agreement has been reached on the spin-off and that talks are still ongoing.In December, the company agreed to merge with TAE in an all-stock deal valued at more than $6 billion, marking a shift toward fusion energy and the creation of a publicly traded company focused on developing utility-scale power plants to help meet rising electricity demand, including from AI data centres.TAE Technologies is a California-based private company developing advanced nuclear fusion technology and has raised more than $1 billion from investors, including Alphabet’s Google and Chevron.
