Trump Media & Technology Group is considering spinning off "Truth Social."

PANews reported on February 27 that Trump Media & Technology Group (DJT.O) is discussing spinning off its assets, including the social media platform "Truth Social," to establish a new publicly traded company. Previously, the company completed a merger with nuclear energy company TAE Technologies valued at $6 billion. The company stated that the shares of the spun-off company will be distributed to the registered shareholders of Trump Media & Technology Group before the TAE transaction is completed, after which the spinoff will merge with special purpose acquisition company "Texas Ventures Acquisition III."

The purpose of the spinoff is to separate Trump Media & Technology Group's social media business from its investments in commercial nuclear fusion, as the company aims to leverage the huge demand for energy driven by the AI boom to fuel its growth. Both companies indicated that negotiations are still ongoing and no final agreement has been reached.