文章核心观点 - 美国经济学家彼得·希夫批评特朗普媒体与技术集团缺乏除与特朗普关联外的任何有意义的内在价值 其频繁的战略转型表明公司缺乏连贯的商业模式 核心资产是政治资本而非业务本身 [1][3][4] 公司战略演变与商业模式 - 公司最初定位为主流社交媒体替代平台 以Truth Social为中心推出 [2] - 因增长停滞和盈利挑战 公司转型为专注于金融科技和加密货币的实体 并计划将比特币作为核心国库资产 [2] - 公司最新战略是与核聚变能源公司TAE Technologies进行全股票合并 再次进行重大转型 [1][3] - 经济学家认为 这些战略转变并非由运营协同效应或已验证的现金流潜力驱动 而是源于特朗普品牌所附着的政治资本 [4] 对TAE Technologies合并案的评估 - 拟议的全股票合并对合并后实体的估值超过60亿美元 [6] - 该交易将使公司成为少数与核聚变研究相关的上市公司之一 [6] - 管理层将交易定位为对清洁能源以及数据中心和人工智能基础设施不断增长的电力需求的长期投资 [6] - 公司计划在本十年晚些时候开始建设公用事业规模的聚变设施 但商业可行性仍不确定 [7] - 经济学家指出 与资本密集、监管严格的核聚变能源公司合并突显了其观点 即获取影响力和获得优惠待遇的预期可能超过其基础业务的价值 [5] - 其认为公司能为能源公司提供的唯一真正价值是政治杠杆 即接触权力以及从特朗普政府获得有利待遇的前景 [5] 市场表现与反应 - 市场对核聚变公告反应波动 消息公布后公司股价大幅上涨 [7] - 截至周五收盘 公司股价报16.09美元 当日涨幅超过8% [7] - 过去五个交易日 股价已上涨超过50% [7] - 考虑到公司今年大部分时间表现挣扎 年内迄今股价下跌超过50% 该交易可能被投资者视为一个受欢迎的机会 [9]

In the unpredictable theater of global finance, few figures command attention quite like Donald J. Trump. His pronouncements, often delivered with the subtlety of a sledgehammer, consistently send ripples, if not tidal waves, through the stock markets. The closing weeks of 2025 have proven no exception, offering a fresh batch of market-moving maneuvers that leave analysts scratching their heads and investors reaching for their antacids. From “historic” drug price cuts that somehow boost pharma stocks to a s ...

Trump Media plans to merge with a company developing nuclear fusion technology, putting the president's financial interests in competition with other energy companies over which his administration hol... ...

Trump Media and Technology Group is going nuclear. DJT shares are jumping here after the company behind social media platform True Social announced a major pivot, agreeing to merge with TAE Technologies in an all stock deal vetted $6 billion. The company looking to capitalize on AI's growing demand for power.And joining us with more, we got Yahoo Finances, Jake Connley. Jake, break down this deal for us. >> Yeah, good to be here.Gosh, you know, on on first glance, this is a tough pivot. >> Yeah. >> For bein ...

Shares of Trump Media soaring 37% after announcing plans, and follow me on this one, to merge with a fusion company, a private one called TAE Technologies. That's right, a nuclear fusion company. It's going to make that company go public.Aean Jabers is in Washington with more. Aean, uh, please explain this deal to us. Hey there, Kelly.Yeah, the announcement this morning was surprising to say the least. Trump Media and Technology Group said it will merge with an experimental fusion energy corporation called ...

koto_feja/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Trump Media’s $6B merger with fusion company TAE. (0:15) Inflation drops – with caveats. (1:30) OpenAI valued at $750B. (3:21) The following is an abridged transcript: TAE Technologies, a long-running nuclear fusion developer backed by major technology and energy investors, is set to go public through a $6 billion merger with Trump Media & Technology Group (DJT) — a milestone for the fusion energy sector amid s ...

Trump Media & Technology Group is making its most surprising bet yet — plunging headfirst into nuclear fusion with a $6 billion merger that would vault a little-known energy startup into the public markets.The parent company of Truth Social announced Thursday it has struck an all-stock agreement to merge with private fusion firm TAE Technologies, creating what the companies say would be one of the world’s first publicly traded fusion-energy players.The deal, expected to close in mid-2026 pending regulatory ...

Trump Media & Technology Group ( NASDAQ:DJT ) — owner of President Trump's Truth Social platform — announced a shocking, all-stock merger agreement this morning with privately held nuclear fusion company TAE Technologies in a deal valuing the combined businesses at more than $6 billion. ...

TAE Technologies CEO Michl Binderbauer. Credit: TAE Technologies. Key Takeaways Trump Media and Technology Group and TAE Technologies have announced plans to merge. The combined entity is valued at more than $8 billion. Meanwhile, Trump Media’s partnership with Crypto.com is old news. The announcement of a business merger between Trump Media and Technology Group and TAE Technologies raises many questions. What do a holding company for the U.S. president’s media ventures and a nuclear fusion comp ...

Trump Media and Technology Group breaking news this morning announcing a merger with TAE Technologies, a $6 billion deal that the company says will blaze the path toward US dominance in AI. It is seeking out a location to bring construction on the world's first utility scale fusion power plant subject to required approvals. The move creates one of the first publicly traded fusion companies.Trump Media and Technology Group rising this morning. Take a look at the stock. It is up 24% right now.Had been up bett ...