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JohnnyRingo

(20,502 posts) Thu Dec 18, 2025, 12:56 PM Dec 18

It's a new day and a brand new grift you may not have heard about.

Trump Media And Technology Group (TMTJ) is merging with a nuclear fusion company in an all stock deal valued at $6 billion.

Why that matters is TMTJ owns Truth Social, the site for all official White house releases. Its stock is supported by every media reporter in the world having to log on to get the latest policy news. That drives the stock value up and lines his trouser pockets.

Now with the merger of a nuclear company he will essentially own a large piece of the company and be in a position where helping them through the red tape and regulations can benefit him financially. Getting White House help is obviously why TAE Technologies is making this quid pro quo deal.
TAE is an energy company poised to supply power for the AI boom that is being pushed by the president.

Most (all) presidents divest themselves of conflicts of interest in the business world, but this guy laughs at ethics rules and dares us to do something about it.

He's up a fat 34% today. Expect to hear some news on how the WH is behind AI Data Centers

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3 replies

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It's a new day and a brand new grift you may not have heard about. (Original Post) JohnnyRingo Dec 18 OP

Any connection ti MIT prof who was just murdered? SheltieLover Dec 18 #1

"TAE is an energy company poised to supply power" AZJonnie Dec 18 #2

Yes, I read about the emerging tech. JohnnyRingo Dec 18 #3

SheltieLover

(76,717 posts)

1. Any connection ti MIT prof who was just murdered?

Reply to JohnnyRingo (Original post)

Thu Dec 18, 2025, 12:58 PM

Dec 18

🤔

AZJonnie

(2,772 posts)

2. "TAE is an energy company poised to supply power"

Reply to JohnnyRingo (Original post)

Thu Dec 18, 2025, 01:45 PM

Dec 18

Via nuclear FUSION?!?

Nobody in the nascent and still theoretical fusion business is anywhere near "poised" to provide energy for shit.

Not one test has ever even come close to a net system EROEI greater than 0. I'm not saying it cannot happen, someday, somehow. But using "poised" to describe the situation is bullshit.

Also these TAE people should realize that ETTD, and his "helping them through the red tape and regulations" is a recipe for your facility eventually going up in a fire ball and causing the deaths of a bunch of people working there at the time.

Here's some interesting info on TAE:

TAE was founded in 1998 and has raised on the order of 1.2–1.3 billion dollars in private capital across many rounds; recent releases say 11 prior fundraises plus the newest one.

Named investors include Google/Alphabet, Chevron, New Enterprise Associates (NEA), Venrock (Rockefeller venture arm), Charles Schwab, Kuwait Investment Authority, Paul Allen’s Vulcan Inc., and Russia’s Rusnano, whose CEO Anatoly Chubais joined the board after investing in 2012.

Neat, so Russia will probably benefit from any US technological break-thru on fusion.

JohnnyRingo

(20,502 posts)

3. Yes, I read about the emerging tech.

Reply to AZJonnie (Reply #2)

Thu Dec 18, 2025, 07:06 PM

Dec 18

They have the full weight of the US government now in a partnership with the president. Expect eased safety, and nuclear regulations.
To be honest, I thought fusion was already harnessing power.

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