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
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.
Continue reading the original article