In brief
- Trump Media and Technology Group (DJT) is considering spinning off its social media platform, Truth Social.
- Shares of the new entity would be provided to DJT holders prior to the firm’s planned merger with TAE Technologies.
- Details about the impact to the firm’s Bitcoin holdings or crypto initiatives remain unclear.
Trump Media and Technology Group (DJT) is considering spinning off Truth Social—its free speech-focused social media platform championed by President Donald Trump—into its own public entity, the firm announced on Friday.
The move would see Truth Social and other Trump Media businesses become SpinCo, which would then merge with Texas Ventures III. However, some assets and businesses would remain with the Trump…
