{"id":543,"date":"2026-06-10T16:09:46","date_gmt":"2026-06-10T16:09:46","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=543"},"modified":"2026-06-10T16:09:46","modified_gmt":"2026-06-10T16:09:46","slug":"trumps-truth-social-wont-be-its-own-company-anymore-parent-firm-says","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=543","title":{"rendered":"Trump\u2019s Truth Social Won\u2019t Be Its Own Company Anymore, Parent Firm Says"},"content":{"rendered":"<div>\n<h2>big number<\/h2>\n<p>$2.2 billion. That\u2019s Trump Media\u2019s market value as of Wednesday, a nearly 75% slide from its all-time high of roughly $8.7 billion in January 2025.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=541\">Billionaire Gates Tells Congress He \u2018Should Have Never Met With\u2019 Epstein (Live Updates)<\/a><\/p>\n<h2>forbes valuation<\/h2>\n<p>Trump has a net worth of $6.1 billion, ranking the president as the 665th-richest person in the world, according to Forbes\u2019 <u>estimates<\/u>. He holds a 52% stake in Trump Media, totaling some 114.7 million shares worth about $932.5 million as of Wednesday\u2019s share price.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=540\">Cardi B Slams \u2018Disgusting\u2019 Karmelo Anthony Conviction\u2014How A Teenage Stabbing Case Became A Racial Flashpoint In Texas<\/a><\/p>\n<h2>key background<\/h2>\n<p>Trump Media and TAE Technologies announced in December they would merge in a deal valued at $6 billion, after which the Truth Social parent said it would build the \u201cworld\u2019s first utility-scale fusion power plant\u201d that could generate 50 megawatts of electricity. The Trump-owned firm went public in March 2024 through a reverse merger with Digital World Acquisition Corp., and trading in the stock has been frequently volatile. Trump Media has expanded to cryptocurrency, announcing last year it would launch Truth.Fi, a financial services brand, with other plans to enter the prediction markets business. Those plans included allowing users to bet on events like political elections and inflation-rate changes in a partnership with Crypto.com.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=538\">Billionaire Gates Tells Congress He \u2018Should Have Never Met With\u2019 Epstein (Live Updates)<\/a><\/p>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Trump\u2019s Truth Social Could Become Its Own Company As Parent Firm Floats Spin-Off<\/span><small>By <span>Ty Roush<\/span><\/small><\/span><span><\/span><\/p>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A merger between Trump Media and a fusion energy firm is expected \u201cas soon as possible.\u201d <\/p>\n","protected":false},"author":1,"featured_media":542,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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