February 2021: Trump Media & Technology Group Corp. was incorporated in the U.S. by Donald J. Trump shortly after he was banned from major social platforms like Twitter and Facebook following the January 6 Capitol attack. Its stated purpose was to provide “social networking services” and counter what Trump called censorship by Big Tech. Wikipedia+1
February 2022: TMTG launched Truth Social, a social media platform positioned as an alternative to mainstream networks and emphasizing free speech. Wikipedia+1
Initial rollout involved beta testing and infrastructure support via a partnership with Rumble for cloud and video delivery services. GlobeNewswire
September 3, 2021: Digital World Acquisition Corp. (DWAC), a SPAC, began trading on Nasdaq with plans to merge with TMTG. Wikipedia
The SPAC initially drew scrutiny due to early fundraising tied to China-linked firms and investigations by the U.S. Securities and Exchange Commission (SEC). Wikipedia
March 25, 2024: The DWAC merger officially closed, and TMTG began trading publicly on Nasdaq under the ticker symbol DJT. This gave TMTG access to public capital markets. Masyita Trans.com
The company has struggled financially, generating modest revenue but significant losses. For example:
Despite the losses, TMTG raised substantial capital (hundreds of millions) from investors as part of the merger and subsequent financings. Masyita Trans.com
After Truth Social, TMTG expanded into related media and tech offerings:
📺 Truth+ Streaming
Announced and rolled out a linear TV streaming platform integrated into Truth Social. GlobeNewswire
A custom content delivery network (CDN) was developed for this streaming service. GlobeNewswire
💳 Truth.Fi Financial Services
In early 2025, the company announced plans for Truth.Fi, a financial services/FinTech brand that includes investments in ETFs, separately managed accounts, and crypto assets.