Truth Social Spin-Off from Trump Media Canceled
The planned spin-off of Truth Social from Trump Media & Technology Group has been called off, indicating a change in the corporate structure and future plans for the social media platform.
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The planned spin-off of Truth Social from Trump Media & Technology Group has been called off, indicating a change in the corporate structure and future plans for the social media platform.
Devin Nunes has resigned as CEO of Trump Media & Technology Group after four years, with the company's revenue significantly underperforming investor expectations by 99.8%.
Former US trade representative Robert Lighthizer has resigned from the board of Trump Media & Technology Group.
Trump Media & Technology Group is reportedly exploring the possibility of spinning off its social media platform, Truth Social, into a separate public company, as it faces a wider annual loss.

Trump Media & Technology Group, the parent company of Truth Social, reported a substantial first-quarter loss of over $400 million, primarily attributed to its crypto holdings. Despite the loss, the company also reported $2.2 billion in assets.

Devin Nunes has departed from his role as CEO of Trump Media & Technology Group (TMTG), the company behind Truth Social. Kevin McGurn, a former Hulu and Vevo executive, has been named interim CEO following Nunes' exit.
Trump Media & Technology Group (TMTG) is planning to spin off its Truth Social platform into a separate publicly traded company, separating its social media business from its fusion energy venture.
Reports indicate that Truth Social, the social media platform, may be spun off from Trump Media & Technology Group.
Former President Trump has suggested relocating American troops from Germany to Poland, a proposal that Warsaw has indicated it would welcome. This potential move has led to concerns among NATO allies regarding a possible broader reduction of US military presence in Europe.
Institutional interest in Trump Media & Technology Group (DJT) is reportedly on the rise.
Trump Media & Technology Group has released its financial results for fiscal year 2025, detailing its performance and financial standing.

The Trump Media & Technology Group (TMTG) is reportedly weighing plans to spin off Truth Social as it seeks to become a significant player in the nuclear energy industry.