Trump Media Considers Separating Truth Social Into Standalone Public Company

Trump Media & Technology Group announced on Friday it is examining a plan to spin off its Truth Social platform into an independent, publicly traded company. The proposal would follow the expected completion of Trump Media's own merger with fusion energy company TAE Technologies, slated for mid-2026.

Under the proposed structure, shares of the new Truth Social entity would be distributed to existing Trump Media shareholders. The separate company would then combine with a special purpose acquisition company, Texas Ventures Acquisition III Corp.

The announcement came on a volatile trading day for Trump Media, whose stock, trading under the symbol DJT, closed down more than 2%. The share price currently hovers near $11, a significant decline from its peak above $100 in 2022. President Donald Trump, who was re-elected in 2024, has repeatedly urged supporters to back the app. Following his victory, he moved his controlling stake in the parent company into a revocable trust for which he is the sole beneficiary, pledging not to sell.

Truth Social has become President Trump's primary digital megaphone, where he has made announcements ranging from policy directives to economic data. The platform was launched after his removal from larger networks like Twitter and Facebook in the wake of the January 6th Capitol breach. Trump Media has positioned itself as an alternative to what it describes as major tech companies' suppression of free speech.

The spin-off aims to sharpen the market's focus on Truth Social as a distinct business, separate from its parent company's other interests.

Source: CNBC