Why the Hell Is Trump Media Merging With a Nuclear Fusion Firm?

Shareholders of each company will own 50% of the new entity following the transaction, which the companies expect will be completed in mid-2026. TAE is backed by Google and oil giant Chevron, while Trump Media continues to struggle to make money. The social media company reported revenue of $927,900 between June and September 30, compared to $1.01 million for the same period last year. It also lost $54.8 million during that period, an increase from last year’s $19.2 million.

Cow enthusiast and former Rep. Devin Nunes, CEO of Trump Media, bragged about the deal in a statement.

“Trump Media & Technology Group has built an irreversible infrastructure to ensure free speech online for Americans, and now we are taking a major step forward toward revolutionary technology that will solidify America’s global energy dominance for generations,” Nunes said. “Fusion power will be the most dramatic energy breakthrough since commercial nuclear power began in the 1950s – an innovation that will lower energy prices, boost supply, ensure American supremacy in AI, revive our manufacturing base, and strengthen national defense. »