Trump Media & Technology Group, the parent company of Truth Social, announced Thursday that it has agreed to an all-stock merger with TAE Technologies, a California-based nuclear fusion company, in a deal valued at more than $6 billion.

President Donald Trump’s media business, Trump Media & Technology Group, has been a laggard over the past year. ・Trump’s updates on his Truth Social account suggested strong uptake for the platform, but the DJT’s financial performance suggests otherwise.

Truth Social owner Trump Media & Technology Group disclosed Monday that it lost more than $58 million and generated very little revenue in 2023. The figures underscore why some experts warn Trump Media's multibillion-dollar valuation defies logic and is ...