Trump Media Spins Off Truth Social, Eyes Fusion Energy Merger
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Trump Media and Technology Group plans to spin off Truth Social into a standalone publicly traded company, following a planned six billion dollar merger with TAE Technologies. The spinoff would occur post-merger, with shareholders receiving shares in the new independent Truth Social, which would then merge with Texas Ventures Three. Despite challenges, including a drop in revenue and weak ad sales, Trump Media has expanded into investment funds and a two billion dollar bitcoin purchase. The companys merger with TAE aims to power AI data centers with fusion energy. The spinoff discussions are still in early stages, with no final decision or timeline yet.
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