tech

February 27, 2026

Trump Media & Technology Group says it may spin off Truth Social

Updated on: February 27, 2026 / 11:06 AM EST / CBS News

Trump Media & Technology Group says it may spin off Truth Social

TL;DR

  • Trump Media & Technology Group is exploring the possibility of spinning off its Truth Social app.
  • The spinoff would occur after the company's merger with fusion energy firm TAE Technologies.
  • Shareholders would receive stock in the newly separated Truth Social business.
  • Truth Social would then merge with a special purpose acquisition company, Texas Ventures III.
  • President Trump owns 52% of Trump Media's outstanding shares and is considered the platform's main asset.
  • Truth Social has struggled with advertiser traction, and its revenue dipped 4% in the quarter ending Sept. 30.
  • Trump Media has also ventured into financial services and purchased $2 billion in bitcoin.
  • The company is "engaged in ongoing discussions" about the potential spinoff, with no set timeline for a decision.
  • Trump Media shares (DJT) have dropped approximately 18% this year.

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