TMTG says it is in talks to spin off Truth Social into a public company, following the close of its previously announced merger with nuclear fusion startup TAE
Trump Media & Technology Group said Friday it is in talks to spin off Truth Social into a new publicly traded company.
Trump Media agrees to merge with Google-backed fusion energy company TAE in a $6B deal and build the “world's first utility-scale fusion power plant” in 2026
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Trump Media & Technology Group plans to sell ~$1.5B in stock and $1B in 0% convertible notes to buy bitcoin for its treasury, following Strategy's model
The company's shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans …
Trump Media & Technology Group closed down 21% on April 1, wiping out its gains from last week's debut, after disclosing a $58M+ loss on $4.1M in 2023 revenue
Shares of Donald Trump's social media company plunged 21% on Monday, wiping out the gains from its debut last week …
Filing: Donald Trump's Truth Social lost $58M+ on $4.1M in revenue during 2023; Trump Media & Technology Group is valued at $7B+ after going public on March 26
- All of the company's revenue comes from advertising on Truth Social, per the disclosures.
Trump Media & Technology Group closed up 14% at $66.22 on March 27, for a $13.5B market cap, as small investors boost the stock; Trump's stake is worth ~$5.3B
Heavy trading in company behind Truth Social fuels talk of a new cycle of ‘meme stock mania’
Trump Media & Technology Group closed up 16% at $57.99 per share in its Nasdaq debut, valuing the unprofitable company at $7.9B, following the merger with DWAC
Trump Media & Technology Group shares jumped up to 58% to hit $78.80 on its trading debut before the Nasdaq briefly halted trading, following the DWAC merger
- Trump Media & Technology Group operates Truth Social — Deal provides a windfall on paper for the former president
Trump Media & Technology Group SPAC partner DWA's filing shows that Truth Social lost $73M on just $3.7M in net sales from its early 2022 launch through H1 2023
The company that TMTG is planned to merge with, DWAC, broke out the surprising results in a securities filing Monday.
Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators
The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.