Trump’s Truth Social Won’t Be Its Own Company Anymore, Parent Firm Says

BreakingBusinessTrump’s Truth Social Won’t Be Its Own Company Anymore, Parent Firm SaysByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorJun 10, 2026, 10:14am EDTToplinePresident Donald Trump’s media company has abandoned plans to spin off the Truth Social platform as a separate, publicly traded business, the company announced on Wednesday, as it plans to complete a $6 billion merger with TAE Technologies “as soon as possible.”A merger between Trump Media and a fusion energy firm is expected “as soon as possible.” Getty ImagesKey FactsTrump Media & Technology Group, the fusion firm TAE Technologies and the special-purpose acquisition company Texas Ventures III disclosed they would no longer pursue a spin-off of Truth Social or other Trump Media assets “after further evaluation,” though they did not provide a reason for abandoning the idea.Truth Social would have merged with Texas Ventures III after Trump Media merged with TAE Technologies, after which shares of the spun-off company would have been distributed to shareholders before the transaction closed, the companies announced in February.Trump Media and TAE Technologies said they plan to close their merger “as soon as possible,” with a goal of closing by Q4 2026 “or sooner.”Shares of Trump Media dropped slightly (0.3%) shortly after trading opened on Wednesday, extending losses for the stock that has plunged by nearly 41% so far this year. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesE...