Truth Social Stock Explodes as It Merges With Nuclear Fusion Company

"President Donald Trump's failing social media tech bid has tirelessly tried to reinvent itself into a viable business. But despite forays into cryptocurrency, prediction markets, and a Roku streaming app that few have heard of, the Trump Media and Technology Group (TMTG) is still losing a staggering amount of money. The company, which owns Trump's online megaphone Truth Social and is being run by his eldest son Donald Trump Jr., reported a quarterly loss of $54.8 million at the end of September."

"Now, in its latest eyebrow-raising pivot, the company announced this week that it's merging with the fusion power company TAE, formerly called Tri Alpha Energy. It's yet another peculiar detour for the troubled and massively unprofitable company, which started as a comparatively simple competitor to Twitter after it permanently suspended Trump from its platform in 2021. The firm subsequently merged with a blank-check acquisition company in March 2024, allowing it to be publicly traded."

"Despite decades of research - and enormous interest from the private sector - scientists are only beginning to crack the point where highly complex fusion reactors, designed to harness the energy of fusing atoms, can generate more energy than they require to operate. While it's already being lauded as a technological revolution by many, promising an infinite source of clean and safe energy, plenty of questions remain about the tech's feasibility, particularly when it comes to scaling up operations."

TMTG has pursued multiple business pivots after launching as a Twitter competitor, including cryptocurrency, prediction markets, and a Roku app, while accumulating large losses. The firm reported a $54.8 million quarterly loss and remains massively unprofitable under Donald Trump Jr.'s leadership. TMTG announced a merger with fusion company TAE (formerly Tri Alpha Energy), a move that sent the company's stock sharply higher. Fusion technology faces major scientific and scaling challenges despite private investment and enthusiasm, and TAE's claims of reduced reactor size, cost, and operational experience face scrutiny amid long-term feasibility questions.

Read at Futurism