Science & Technology
Trump Media to focus solely on Truth Social after scrapping other ventures
What happened
Trump Media & Technology Group announced on August 11, 2026, that it will dissolve its remaining non-Truth Social businesses to concentrate resources on its social media platform. The move follows a strategic shift under Donald Trump’s leadership, reinforcing the platform’s ties to the former president amid ongoing business challenges.
Key facts
Trump Media & Technology Group will dissolve its remaining non-Truth Social businesses, including digital media and data services, effective immediately.
Truth Social remains the sole operational business unit under the company’s restructuring plan.
Context
Truth Social is a social media platform launched by Trump Media & Technology Group in February 2022 as an alternative to mainstream platforms. The company was formed to operate Truth Social, a subscription-based social network, and initially explored other business ventures including digital media and data services. Donald Trump, the former U.S. president, has been a prominent figure associated with the platform, using it to share political messages and updates.