Former U.S. President Donald Trump is moving toward taking Truth Social public, signaling a major shift for the social network owned by Trump Media & Technology Group. Shares could start trading on the stock market as early as next week, according to industry sources cited by CNBC.
Public trading hinges on the completion of a merger that brought Trump’s media venture together with Digital World Acquisition Corporation, a blank-check SPAC. Shareholders approved the deal, paving the way for a potential listing under the DJT ticker. That same corporate ecosystem previously included Trump’s long-dormant casino and hotel businesses, which have their own historical trading footprint.
Truth Social first hit the market in 2022, positioned by Trump as a counterweight to what he described as the suppression of free speech by large tech platforms. The platform’s aim, as stated, was to offer an alternative channel for discourse that would resist what supporters view as censorship in the digital public square.
Across the Atlantic, regulatory action has recently brought disruption to social platforms. In Spain, a court decision temporarily blocked access to Telegram as authorities pursue an ongoing investigation involving a reporter, a move that has sparked debate about press freedom and platform responsibilities in a digital age. The ruling is not permanent and is tied to the evolving case against the journalist involved.
Meanwhile, in a separate regulatory development, France has levied a significant fine against Google, amounting to 250 million euros, in a move that underscores heightened scrutiny of large tech companies and their compliance with national and European rules.