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Story summary
- Trump Media & Technology Group announced plans to spin off Truth Social into a separate publicly traded company.
- The move follows a $6 billion merger with TAE Technologies.
- If approved, shareholders will receive stock in the new entity.
- Truth Social is a key asset because U.S. President Donald Trump owns 52% of shares and has 11.8 million subscribers.
- The company is exploring the spin off but has not set a timeline.
