1 of 1
Story summary
- Trump Media and Technology Group (TMTG) announced a $6 billion merger with TAE Technologies, whose technology is not yet commercial.
- TMTG shares trade $9, down 90% since the 2024 SPAC listing, posting $3.7 million revenue and a $712.3 million net loss, leaving a $2.5 billion market cap.
- Short interest covers 9% of the float (14.5 million shares), prompting a shareholder to buy shares to lower his cost while Truth Social has failed to attract users.
