vested
Trump Media considers spinning off Truth Social into public company, reports wider annual lossTMTG has faced challenges scaling up its media business
Under the proposal, shares in the spun-off company would be distributed to eligible TMTG shareholders, after which the new entity would merge with a special purpose acquisition company.
Under the proposal, shares in the spun-off company would be distributed to eligible TMTG shareholders, after which the new entity would merge with a special purpose acquisition company.
This would separate TMTG’s social media and digital media assets from its recently announced fusion energy venture, effectively splitting the company into two publicly traded businesses with distinct strategies.
The Truth Social-parent’s net loss widened to US$712.3 million in 2025 from US$400.9 million a year earlier, mostly reflecting unrealised losses from the company’s purchase of bitcoin and Cronos.
TMTG ended 2025 with about US$2.5 billion in financial assets, more than triple the US$776.8 million it had a year earlier, the company said.
Net sales edged up to US$3.68 million from US$3.62 million in 2024.
Source: Reuters
https://www.businesstimes.com.sg/compan ... nnual-loss
It's all about "how much you made when you were right" & "how little you lost when you were wrong"