Donald Trump’s media corporation told investors on Friday that it is considering spinning off his Truth Social platform into its own company—a move that comes after years of struggling to make money from the business. The president founded Trump Media and Technology Group in 2021, portraying it as a giant-killer that would one day displace the major social media platforms, streaming platforms like Netflix, and Amazon’s AWS web hosting platform—all of which the then-former president declared to be too woke.

So far, the company has achieved none of those things and has instead bounced from investment idea to investment idea—stockpiling Bitcoin, launching MAGA-themed financial products, and even announcing plans to merge with a fusion energy company and beginning to build power plants. This month, the company’s share price has flirted with all-time lows.

Trump’s company is expected to announce it’s fourth quarter earnings soon. Judging from the numbers it produced through the first three quarters of last year, the results could be unimpressive. In September, Trump Media........

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