Shares of Trump Media & Technology Group plunged to fresh 52-week lows this week as the company behind President Donald Trump’s Truth Social platform explores a controversial plan to spin off the social network into a separate publicly traded entity.
The stock, trading under the ticker symbol DJT—President Trump’s initials—rose less than 1% to $11.02 in early trading on Friday, February 27, 2026, after Trump Media announced it was exploring the spinoff. Shares then fell more than 2% during a choppy session that day, reflecting deep investor uncertainty about the company’s rapidly evolving business strategy.
The proposed spinoff marks yet another dramatic pivot for Trump Media & Technology Group, which launched in 2021 with a singular focus on conservative-leaning social media. Truth Social could become a separate, publicly traded company following the closing of Trump Media’s $6 billion all-stock merger with fusion power firm TAE Technologies, according to a company press release.
Under the proposed deal, shares of Truth Social’s spinoff would be distributed to current Trump Media shareholders of record prior to the TAE merger closing. The independent Truth Social company would then merge with blank-check company Texas Ventures Acquisition III Corp., a special purpose acquisition company that completed its $225 million IPO in April 2025.
Trump Media cautioned that it is only exploring a possible spinoff of Truth Social, noting that the companies are “engaged in ongoing discussions” about the plan. The company did not disclose a date or timeframe for deciding whether to proceed.
The stock’s current price sits well below peak levels—DJT hit an all-time high closing price of $97.54 in March 2022 before the DWAC merger brought it public. The prolonged slide has accelerated during Trump’s second term despite his active promotion of the platform and his promise not to sell his majority stake following his 2024 electoral victory.
According to Trump Media’s most recent proxy filing, President Trump owns approximately 52% of the company’s outstanding shares through the Donald J. Trump Revocable Trust. In December 2024, regulatory filings showed Trump transferred his roughly 115 million shares to this trust, with his son Donald Trump Jr. serving as sole trustee.
The spinoff plan would bring additional public market attention to Truth Social, the platform where President Trump has become known for announcing everything from military strikes to tariff policies. Trump has also used the platform to preview federal economic data ahead of official releases, cementing Truth Social’s role as an official presidential communication channel.
Trump Media launched Truth Social after the then-former president was banned from Twitter and Facebook following the January 6, 2021 Capitol attack. The company describes its mission as countering what it views as “Big Tech’s assault on free speech.”
Despite Trump’s 11.8 million followers on Truth Social, the platform has failed to gain traction with advertisers. Trump Media reported total revenue of just $972,900 in the quarter ended September 30, 2025—down roughly 3% from the same period in 2024. CEO Devin Nunes acknowledged the company’s transformation, stating the company has “secured our financial future with a massive bitcoin treasury.”
The spinoff would mark another seismic shift for Trump Media, which has repeatedly pivoted its business model over the past year. Beyond social media, the company has expanded aggressively into financial services, launching investment funds through its Truth.Fi brand and purchasing approximately $2 billion in bitcoin to create one of the largest cryptocurrency treasuries among public companies.
Trump Media pivoted again in December 2025 when it announced plans to merge with TAE Technologies, a fusion energy company founded in 1998 that has raised more than $1.3 billion from investors including Google, Goldman Sachs, and Chevron. The combined company aims to “site and begin construction on the world’s first utility-scale fusion power plant” in 2026, targeting the massive energy demands of artificial intelligence data centers. That merger is expected to close in mid-2026.
The proposed Truth Social spinoff would occur after the TAE merger is completed, according to the company’s statement. Current shareholders would receive stock in the newly separated Truth Social business, which would then pursue its own merger with Texas Ventures III.
Trump Media shares have dropped roughly 18% since the beginning of 2026, continuing a prolonged decline that has seen the stock lose most of its value from peak levels. The slide persists despite President Trump’s encouragement for his supporters to back the stock through volatile trading sessions.
The company’s full-year 2025 results revealed a net loss of $712.3 million, driven largely by unrealized losses on its digital asset holdings as bitcoin prices declined. Yet Trump Media closed 2025 with approximately $2.5 billion in financial assets—more than tripling from $776.8 million at the end of 2024—signaling its transformation from a social media company into what some analysts now call “a bitcoin treasury with a brand.”
Sources:
https://finance.yahoo.com/news/trump-media-technology-group-djt-220727230.html
https://www.cnbc.com/2026/02/27/truth-social-spin-off-trump-media-djt.html
https://www.cbsnews.com/news/trump-media-technology-group-tmtg-truth-social-spinoff/
https://ir.tmtgcorp.com/news-events/press-releases/
