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The Guardian - US
The Guardian - US
Business
Lauren Aratani in New York

Why is Truth Social owner Trump Media merging with a fusion energy firm?

Trump Media Truth Social Donald Trump TAE United States TAE Technologies Devin Nunes CNN Facebook
phone screen with truth social logo, a close-up of trump's face in the background
The move signals that Donald Trump and his family continue to diversify assets outside of Truth Social. Photograph: Rafael Henrique/Sopa Images/Rex/Shutterstock

Trump 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.

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