Trump Media in talks to spin off Truth Social from DJT into independent stock

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Trump Media & Technology Group

said Friday that it was exploring a spin-off of Truth Social, the social media platform of choice for President Donald Trump.

Truth Social could become a separate, publicly traded company following the forthcoming closing of its merger with fusion power firm TAE Technologies, according to a press release.

Shares of Trump Media swung between gains and losses on Friday after rising in premarket trading. The stock trades under the ticker DJT, which is also President Trump’s initials.