You Literally Couldn't Make Up This Nonsense Level Of Public Co. BS... Courtesy Devin Nunes & Tangerine 2.0...

So. . . the waifish "hate / social media" company that Trump had while he was out of office, preposterously called Truth Social, has been and is being run by one Devin Nunes. Yep -- that guy. It has been hemorrhaging cash -- for four years straight.

Now -- right before it might have to show disastrous Q4 and full year 2025 audited financials, as a '34 Act public money loser, life to date. . . it has essentially become a SPAC vehicle, so that a nascent R&D firm, working to make commercial scale fusion power plants a reality (still likely decades off, BTW!). . . called TAE. . . can become a public company. Cheeky!

So, the deal is nominally a 50/50 deal -- with each company's shareholders getting about equal chunks of the combined entity. . . but, in point of fact, this long term R&D cash burner is the more likely viable long term business. Yep, this is essentially a graceful exit vehicle for Devin Nunes' performance as CEO, and a way for him to sell his shares and walk away -- as he knows even less about nuclear fusion at scale than he did/does about. . . social media platforms that encourage. . . hatred as a brand value.

Here's all the sophistry of the day, ably reported from across the pond -- at the UK Guardian:

. . .Trump Media and Technology Group, owner of the US president’s minnow Truth Social platform, unveiled an extraordinary merger worth more than $6bn with TAE Technologies, combining its social media operation with a vast bet on the AI boom driving a surge in energy demand.

TMTG intends to start building “the world’s first utility-scale fusion power plant” next year, it said, in an effort to use the experimental technology to power the huge datacenters behind the development of AI.

Shares in TMTG surged 27% during early trading in New York on Thursday.

Shareholders of TMTG and TAE Technologies will each own about 50% of the combined entity after the deal is completed. The companies expect this to take place in mid-2026. . . .

Hilarious -- all as the Trump family members, writ large, have already made ~$800 million in 2025 alone, on inside deals with CZ (the Trump-pardoned felon and controlling force -- in Binance) and others backing the World Financial Freedom crypto- stable of nonsense coins. Dammit. Graft, thy name is. . . MAGA. Out.

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