TMTG Boosts Shares with AI Trademarks for Truth Social, Challenging Big Tech Platforms with Non-“Woke” News and Entertainment

Trump Media's parent company, TMTG, has filed for two AI-related trademarks for its Truth Social platform, aiming to provide what they call reliable and "non-woke" news and entertainment. The company's shares rose by 5.5% on Wednesday, surpassing Nasdaq's performance. TMTG has previously explored trademarks for cryptocurrency services and a Trump-branded metaverse, indicating a push towards innovation in emerging technologies. Despite having a user base of 6.3 million, Truth Social remains smaller compared to major platforms like Facebook. The move to leverage AI in social media platforms like Truth Social raises questions about content moderation and algorithmic bias, with concerns about the integrity of information shared on such platforms.

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