“I don’t want to play with you anymore… “
Donald Trump is gonna Donald Trump and right now he’s reshuffling the deck while everyone's still trying to figure out the last hand. In short, Trump Media & Technology Group announced Friday it's in talks to spin off Truth Social into its own standalone, publicly traded company. If you're keeping score at home, this is the same TMTG that announced a $6 billion merger with TAE Technologies… a nuclear fusion company founded in 1998… back in December. That deal hasn't even closed yet, meaning Trump & Co. are already unbundling the bundle before the bundle is bundled. State Farm would never…
As for the deal itself, the new plan is to hand existing shareholders shares in a freshly spun-off Truth Social, which then merges with Texas Ventures Acquisition III Corp… a blank-check SPAC, because of course it is… while the fusion stuff and whatever else TMTG has been hoarding stays with Trump Media.
Which as you may already know has been an orgy compilation of different identities such as social media company, a crypto treasury, a fintech startup, a sportsbook operator, and a nuclear energy play all in one. Naturally, shares popped on the news because the DJT ticker reacts to press releases the way my golden retriever reacts to me saying “treat”. Currently sitting around $11… down a metric f*ck ton from its $100+ highs in 2022. Translation: If you bought the top, my prayers go out to you.
The spin-off pitch is supposedly about letting Truth Social "trade on its own merits as a pure-play social platform." Which... sure. Truth Social's merits include: one extremely online user who happens to be the sitting president, and an app that most people forgot to delete rather than actively use.
To be fair, that one user does use it to casually preview tariff policy, hint at military operations, and… *checks notes*... leak federal economic data before its official release. So it's less of a social network and more of a national security gem that trades on the Nasdaq. Bigly.
Of course, like every other announcement these days, there’s no terms, timeline, or definitive deal yet. Spoiler: The DJT playbook hasn't changed since 2024… announce the announcement, let retail do the rest, figure out the actual business model sometime between now and heat death. But hey, it makes for great headlines nonetheless. Meaning, keep your eyes on this story and place your bets accordingly, friends. Until next time…
At the time of publishing, Stocks.News does not hold positions in companies mentioned the article.
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