Trump Media & Technology Group

What Trump Media & Technology Group does

Trump Media & Technology Group Corp. (NASDAQ/DJT) is a publicly traded, US-domiciled digital media company headquartered in Sarasota, Florida, founded in 2022 and taken public in March 2024 via merger with Digital World Acquisition Corp. The company operates a vertically integrated platform centered on Truth Social, an open-source social media app distributed on iOS, Android, and desktop that markets itself as a 'free speech' alternative to mainstream networks. Adjacent products include Truth+, an in-house live TV streaming service powered by a proprietary unified content delivery network that distributes pro-freedom news networks (Newsmax, Real America's Voice, OAN) and on-demand video; Truth.Fi, a fintech umbrella covering America-First-themed ETFs (including the relaunched YALL God Bless America ETF on NYSE Arca at a 0.65% expense ratio, managed by Yorkville America Equities); Truth Predict, a prediction-market product via an exclusive Crypto.com partnership; and Trump Mobile, a smartphone hardware line. The company also holds approximately 9,500-9,542 Bitcoin on its balance sheet and, as of December 2025, has announced a $6 billion all-stock merger with TAE Technologies to pivot into nuclear fusion energy targeted at AI data-center power demand.

The company's revenue model is predominantly advertising on Truth Social, supplemented by subscription revenue from Truth+, ETF management fees, and prospective transaction fees from prediction-market event contracts. Disclosed FY2025 revenue was approximately $3.68 million against a net loss of $712.3 million, with Q1 2026 revenue of approximately $871,000 (advertising down 25% year-over-year) and a Q1 net loss of $405.9 million driven primarily by $368.7 million in unrealized losses on digital-asset holdings. Capital structure includes ~$2.1 billion in financial assets, no traditional debt, $17.9 million of operating cash flow in Q1 2026 (the fourth consecutive positive quarter), and a Bitcoin-collateralized convertible obligation coming due in 2028. Leadership transitioned in April 2026 when CEO Devin Nunes was replaced by Interim CEO Kevin McGurn, accompanied by the addition of Boris Epshteyn and Meredith O'Reourke to the board and the resignation of Eric Swider. Customer reach is consumer-driven at long tail rather than enterprise-contract-driven; growth narrative has shifted from scaling social-media revenue to closing the TAE Technologies fusion merger targeted for Q4 2026.

Name

Trump Media & Technology Group

Legal name

Trump Media & Technology Group Corp.

Website

https://www.tmtgcorp.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Trump Media & Technology Group is a publicly traded digital media company (NASDAQ: DJT) operating Truth Social (social media), Truth+ (live TV streaming via proprietary CDN), and Truth.Fi (fintech/ETFs), serving free-speech-oriented consumers and aligned retail investors with a pending $6B merger pivoting into fusion energy.

Ownership category

akta.pro rank

Product category

Social Networking Platforms

NAICS

Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (51621), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (5162), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210), Media Buying Agencies (541830), Public Relations Agencies (54182), Media Representatives (54184), Media Representatives (541840)

akta.pro primary industry

IRL & Lifestyle Live Streaming Platforms (MPACACAC)

akta.pro secondary industries

Educational Live Streaming Platforms (Classes/Tutorials) (MPACACAH), Fintech & Payments Partner / ISO Referral Networks (FSAEAMAK), Identity, Fraud & Insurance-Specific RegTech Platforms (FSAGAGAJ)

Keywords

• Social media platform
• Live TV streaming
• Fintech ETF products
• Prediction market contracts
• Bitcoin treasury holdings

Headquarters

HQ city

Sarasota

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Advertising Revenue: Truth Social generates advertising revenue; Q1 advertising was approximately $617,000, down 25% year-over-year. Total Q1 2026 revenue was approximately $871,000.
2. Streaming Service Truth+: Ultra-fast live TV streaming platform with on-demand movies and TV shows, intended as a recurring subscription/content revenue stream.
3. ETF Management Fees (Truth.Fi / YALL): Actively managed and index-based ETFs under the Truth Social Funds brand, including the God Bless America ETF (YALL) with a 0.65% expense ratio listed on NYSE Arca; managed by Yorkville America Equities with Adam Curran of Curran Financial Partners.
4. Prediction Market Event Contracts: Exclusive partnership with Crypto.com to offer prediction-market event contracts on Truth Social; revenue expected to come from transaction fees/commissions on user trades.
5. Bitcoin Treasury Holdings: Approximately 9,500–9,542 Bitcoin held on balance sheet, originally acquired at average cost of $118,522 per coin for ~$1.37B; generates mark-to-market gains/losses (e.g., $368.7M unrealized loss in Q1 2026). Allocated up to $2.5B toward crypto-linked ventures.
6. Crypto.com CRO Token Investment: $105M purchase of CRO tokens as part of partnership with Crypto.com; potential future ETF products including a yield-bearing staked CRO ETF.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Trump Media & Technology Group operates Truth Social, a social media platform built on open-source code as a free-speech alternative to mainstream networks, and Truth+, an ultra-fast live TV streaming service powered by a proprietary unified content delivery network. The company is also expanding into financial services through its Truth.Fi fintech brand, which offers America First-themed ETFs managed by Yorkville America Equities and a planned prediction-market product (Truth Predict) via an exclusive Crypto.com partnership.

Product overview

Trump Media & Technology Group operates a platform-plus-modules architecture centered on Truth Social, its flagship social media product, which serves as the distribution backbone for additional modules including Truth+ (live TV streaming on a proprietary CDN), Truth.Fi (fintech and ETF suite), Truth Predict (prediction-market event contracts via Crypto.com), and Trump Mobile (T1 smartphone hardware). The company has publicly framed itself as ending Big Tech's assault on free speech through its social platform while expanding into streaming, financial services, prediction markets, and a pending $6 billion merger with fusion-energy company TAE Technologies that would reorient the combined entity around AI data-center power.

Differentiator

Problem solved

Functional benefit

Brands

• Truth Social: Flagship social media platform launched as a 'free speech' alternative to mainstream social networks; available on mobile and desktop.
• Truth+
• Truth.Fi

Products and services

• Truth Social Flagship social media platform positioned as a free-speech alternative to mainstream networks; available on iOS, Android, web and desktop, and serves as the primary brand through which Trump Media reaches millions of users.
• Truth+ Ultra-fast live TV streaming service built from scratch on Trump Media's proprietary unified content delivery network; features pro-freedom news networks (Newsmax, Real America's Voice, OAN) plus a library of non-woke TV shows and movies.
• Truth.Fi Financial services and FinTech brand of Trump Media encompassing the Truth Social Funds suite of America First-themed ETFs (including the relaunched God Bless America ETF – YALL – with a 0.65% expense ratio listed on NYSE Arca) and broader digital-asset initiatives.

Quantifiable outcome

• Truth Social described as home to 'millions of people' who rejected mainstream social media censorship
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered flagship and core.

• Yorkville America EquitiesflagshipChannel Partner/ Reseller/ Distributor · 22 June 2026Manages and distributes the Truth Social Funds suite, including the relaunched Truth Social God Bless America ETF (YALL) on NYSE Arca with a 0.65% expense ratio. YALL is the first actively managed fund in the suite, continuing management under Adam Curran of Curran Financial Partners.
• Crypto.comflagshipStrategic or Co-development Partner · 29 April 2026Exclusive partnership to offer prediction-market event contracts on Truth Social, including the 'Truth Predict' product. Crypto.com also received a $105M CRO token purchase from Trump Media that drove a 64% single-day price surge. The partnership supports expanded Truth.Fi product launches and crypto-backed financial services.
• Digital World Acquisition Corp (DWAC)coreStrategic or Co-development Partner · 10 April 2026DWAC was the blank-check firm that brought Trump Media public. Eric Swider, former CEO of DWAC and key figure in the public listing, resigned from Trump Media's board in April 2026 after DWAC settled fraud charges with the SEC in 2023.
• Texas Ventures Acquisition IIIcoreStrategic or Co-development Partner · 2 March 2026SPAC partner for the proposed spin-off of Truth Social and other media assets into a separate publicly traded company. Originally announced for spin-off with TAE Technologies merger, but in June 2026 the parties abandoned the spin-off plan to focus on closing the TAE merger in Q4 2026.
• RumblecoreStrategic or Co-development Partner · 1 February 2026Co-plaintiff alongside Trump Media in a federal lawsuit filed in Florida against Brazilian Supreme Court Justice Alexandre de Moraes, challenging content moderation orders and restriction decisions. Brazilian government was authorized to intervene in the case.
• TAE TechnologiesflagshipStrategic or Co-development Partner · 18 December 2025All-stock $6 billion merger to create one of the first publicly traded fusion energy companies. TMTG providing $200M cash plus $100M upon SEC filing. Merger expected to close Q4 2026 or sooner. TAE Technologies is a Google-backed fusion energy company developing a hydrogen-boron fusion reactor called Copernicus, with plans for a first utility-scale fusion power plant generating ~50 MWe in the early 2030s (future plants 350–500 MWe).
• PerplexitycoreTechnology or Integration · 6 August 2025Trump Media joined the AI race through a partnership with Perplexity, integrating AI-supported functionality into Truth Social and Truth+ platforms.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Rumble: Right-leaning video and social platform sharing an ideologically aligned audience, infrastructure philosophy (independent from Big Tech), and even a co-litigant relationship (joint lawsuit against Brazilian Justice de Moraes). Most direct comparable in audience and brand positioning.
• Gettr: Free-speech-oriented social media platform launched in 2021 as a Twitter alternative for conservatives; directly competes for the same censorship-weary user segment Truth Social targets.
• Parler: Conservative-leaning social network revived after being deplatformed in 2021; competes for the same deplatformed-conservative user base as Truth Social.
• Gab: Free-speech social platform historically positioned around censorship-resistance; overlaps with Truth Social's brand and audience thesis though at materially smaller scale.

Broad incumbents

• X (formerly Twitter): Dominant microblogging platform that Trump rejoined in 2022, creating direct audience substitution risk; broad incumbent in social that dwarfs Truth Social in user base and ad inventory.
• Meta Platforms: Facebook and Threads compete directly with Truth Social for political/social discourse share; broad incumbent offering massive scale advantages in ad revenue and content distribution.
• Fox Corporation: Large conservative-leaning media conglomerate (Fox News, Fox Business); competes for the same political-media audience and advertiser base while also setting the bar for streaming (Fox Nation) that Truth+ must compete against.

Regional players

• Newsmax: Conservative news network that is simultaneously a Truth+ distribution partner and a competitive right-leaning media brand; relevant for both streaming (Truth+ CDN) and audience-overlap comparison.

Others

• MicroStrategy: Public company whose primary value driver has become its Bitcoin treasury strategy on a balance-sheet of similar scale (~$2.1B financial assets at TMTG vs. MicroStrategy's massive BTC holdings); useful comparable for valuing TMTG as a treasury-plus-product entity.
• Perplexity AI: AI search partner (announced August 2025) integrated into Truth Social and Truth+; while not a competitor, it is a strategic AI counterpart whose integration is core to TMTG's stated AI strategy and a meaningful comparable for the AI-feature component of the platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/tmtgcorp
• LinkedInlinkedin.com/company/tmtgcorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trump Media & Technology Group