Trump Media & Technology Group (TMTG), founded by Donald Trump, is considering spinning off its social media platform Truth Social into a new publicly traded company.
This potential transaction involves discussions with TAE Technologies and Texas Ventures Acquisition III. The plan aims to separate TMTG's social media assets from its emerging fusion energy venture, creating two distinct publicly traded entities.
The company reported a wider net loss of $712.3 million in 2025, up from $400.9 million in 2024, partly due to unrealized losses from bitcoin and Cronos purchases. Despite the loss, TMTG's financial assets more than tripled to $2.5 billion by the end of 2025.
TMTG also recently agreed to merge with TAE Technologies, a fusion energy developer backed by Google and Chevron, in a deal valued at over $6 billion.
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