Trump Media & Technology Group

Trump Media & Technology Group Corp. (TMTG) is an American media and technology company headquartered in Sarasota, Florida. It operates the social media platform Truth Social and is majority-owned by the Donald J. Trump Revocable Trust. The company was founded in 2021 by Andy Litinsky and Wes Moss, two former contestants from The Apprentice. It went public on March 26, 2024, following a merger with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company (SPAC). This move allowed TMTG to list on the Nasdaq without a traditional IPO.

Financially, TMTG has had a rocky start. In December 2025, its market cap stood at $3.65 billion. However, by May 2026, after reporting large losses in Q4 2025 ($605.5 million) and Q1 2026 ($405.9 million), the market cap had dropped to around $2.47 billion. The company stated it ended the year with "$2.1 billion in cash, cash equivalents and short-term investments." Despite these losses, the company remains a notable player in the conservative media landscape, aiming to provide an alternative to mainstream social platforms.

In August 2026, TMTG began unwinding its cryptocurrency ventures, ending token and prediction market deals with Crypto.com and Yorkville that were valued at approximately $6.4 billion. The strategic retreat, led by interim CEO McGurn, came amid escalating ethics concerns about Trump's business entanglements while serving as president. The company is now refocusing on its core media business and preparing for its first-ever earnings call for Q2 2026 results. [edit]