Trump Media & Technology Group (TMTG) is reportedly considering a spin-off of its Truth Social platform into a separate public company. This move aims to divide TMTG's social media assets from its new fusion energy venture.
The company's net loss for the past year widened to $712.3 million, up from $400.9 million, largely due to unrealized losses from its bitcoin and Cronos holdings. Despite this, TMTG ended the year with substantial financial assets exceeding $2.5 billion.
Founded by Donald Trump, TMTG has struggled to scale its Truth Social platform amid intense competition. The company is now pivoting to explore investor interest in emerging energy technologies, including a potential merger with TAE Technologies focused on fusion energy.