Trump Media to Spin Off Truth Social Amid $712M Loss and Fusion Energy Pivot
Trump Media & Technology Group (TMTG) is planning to spin off its flagship social media platform, Truth Social, into a separate publicly traded entity following a fiscal year where net losses widened to $712.3 million. The strategic move aims to decouple the struggling digital media business from TMTG’s ambitious $6 billion pivot into the fusion energy sector.