Why the Hell Is Trump Media Merging With a Nuclear Fusion Firm?

Shareholders from each company will own 50 percent of the new entity as a result of the deal, which the companies say will be completed in mid-2026. TAE is backed by Google and oil giant Chevron, while Trump Media continues to struggle to make money. The social media venture reported sales of $927,900 from June to September 30, down from $1.01 million in the same period last year. It also lost $54.8 million during that period, an increase from $19.2 million last year.

Cow enthusiast and former Representative Devin Nunes, the CEO of Trump Media, bragged about the deal in a statement.

“Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” Nunes said. “Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s—an innovation that will lower energy prices, boost supply, ensure America’s A.I.-supremacy, revive our manufacturing base and bolster national defense.”