The move signals that Donald Trump and his family continue to diversify assets outside of Truth Social. afael Henrique/SOPA Images/REX/ShutterstockThe move signals that Donald Trump and his family continue to diversify assets outside of Truth Social. afael Henrique/SOPA Images/REX/ShutterstockExplainerWhy is Truth Social owner Trump Media merging with a fusion energy firm?What we know about the deal with TAE Technologies so far – from why it is happening to what fusion energy isTrump Media & Technology Group, owner of Donald Trump’s social media platform, Truth Social, announced a merger on Wednesday with a company developing fusion energy technology. TAE Technologies, an energy company founded in 1998, will join with Trump Media via a $6bn merger that it promises will propel it to build “the world’s first utility-scale fusion power plant” next year. The move signals that the president and his family continue to look for profit-seeking ventures outside of Truth Social, which remains tiny compared to rival platforms such as Facebook, Instagram and X (formerly ). Here is what we know about the deal so far. What did Trump Media announce?The media company, which has dabbled in financial services, is engineering a huge pivot and diving headfirst into nuclear energy. Trump Media announces $6bn merger plan with fusion power companyRead moreTrump Media has “built uncancellable infrastructure to secure free expression online for Americans”, according to its CEO, Devin Nunes.
