Latest news with #TrumpMedia
Yahoo
12 hours ago
- Business
- Yahoo
Trump Media Seeks AI Trademarks For Its 'Non-Woke' Platform
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares edged higher on Wednesday, as the company moves to broaden its offerings with a foray into artificial intelligence. The media venture, helmed by former President Donald Trump, announced that it has submitted trademark applications for 'Truth Social AI' and 'Truth Social AI Search,' as part of its plan to add AI-powered tools to the Truth Social platform. Devin Nunes, CEO and Chairman of Trump Media, said the new features aim to boost the utility and scope of Truth Social by integrating artificial intelligence directly into the AI tools will become available across the platform's iOS, Android, and web versions. Nunes said this marks a 'big push forward' in building an ecosystem of 'non-woke' news and entertainment sources around Truth Social. Truth Social AI isn't the company's only recent innovation. Trump Media is also making a move into the cryptocurrency investment space. According to a new SEC filing, the firm is preparing to launch an exchange-traded fund dubbed the 'Crypto Blue Chip ETF.' The fund will invest in a portfolio of high-profile cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and Cronos. Nearly three-quarters of the fund's assets would be concentrated in Bitcoin. Earlier this week, the company also formally introduced its streaming service to a global audience. The service, which began its beta testing in late June, will continue to receive updates as Trump Media fine-tunes the platform and collects user feedback. These developments indicate the company's wider strategy to diversify its presence across social media, streaming, AI, and digital assets, aiming to serve a politically aligned user base with an all-in-one content and financial hub. Price Action: DJT shares are trading higher by 2.12% to $18.32 at last check Wednesday. Read Next:Photo by mundissima via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Trump Media Seeks AI Trademarks For Its 'Non-Woke' Platform originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
a day ago
- Business
- Yahoo
Trump Media Files for Third Crypto ETF
Cronos, XRP and Solana have entered the chat. Trump Media filed last week with the Securities and Exchange Commission to launch a new fund, the Truth Social Crypto Blue Chip ETF, which would primarily hold Bitcoin but also Ether, Solana, Cronos and XRP. Its fees have not been disclosed, but the crypto exchange platform is slated to act as the fund's digital custodian. The move is the latest foray by President Trump's media company into the increasingly deregulated, and saturated, world of crypto products. READ ALSO: Vanguard Expands Fixed-Income Menu with 3 Treasury ETFs and Tariff Fallout Hasn't Hit Markets Yet. Issuers Say That Could Change The filing taps into increased demand for cryptocurrencies other than Bitcoin, said Bryan Armour, Morningstar's director of ETF and passive strategies research. 'As more cryptocurrencies are approved for spot ETFs generally, I think there will be more appetite and significant product development around an indexed version of multiple cryptocurrencies,' he said, 'so my guess is they'll appear in different ways.' The problem is that Solana, XRP and Cronos aren't yet available to trade as spot funds, which has slowed the launch of index-type crypto ETFs, Armour said. That leaves little room for Trump Media's other two ETFs to differentiate themselves from existing funds. It's only a matter of time until the SEC's approval of additional currencies opens the door for new players, however. 'It's a more level playing field because they'll be starting alongside other asset managers and there's potential to differentiate,' Armour said. '[Cronos] has a significant overweight, but that might appeal to some investors to get that type of mix.' Trump Media, which operates Trump's Truth Social platform, has now filed for three strategies with the SEC: The Truth Social Crypto Blue Chip ETF would have 70% of its assets allocated to Bitcoin, with 15%, 8%, 5% and 2% going to Ether, Solana, Cronos and XRP, respectively. The Truth Social Bitcoin and Ethereum ETF would have 75% of its assets allocated to Bitcoin and 25% to Ether. The Truth Social Bitcoin ETF would be a spot Bitcoin ETF, aiming to serve as a Bitcoin reserve for the US government. The Blue Chip version will allocate about 5% of its holdings to Cronos — a currency developed by an affiliate of the fund's custodian, Foris DAX Trust Company. That's of particular note, Armour said, because the product should have a 1% allocation based on market cap. Name Brand? The main force behind Trump Media's crypto ETFs at present is the Trump name itself, which may not be enough, said Roxanna Islam, head of sector and industry research at VettaFi. 'They do appeal more to Trump fans or people that are anti-mainstream financial issuers. But that can only go so far,' she said, adding that fees will also play a role. 'Will they even remotely catch up? It's hard to say, because they're over a year behind.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter.
New York Times
3 days ago
- Business
- New York Times
What's Going on With Trump Media's Streaming Service?
In the streaming era, incremental news from a tiny upstart with limited content, few bells and whistles, and zero original programming normally wouldn't command too much attention. Unless the majority owner of that upstart is President Trump. Truth+, the little-known, year-old video streaming service started by Trump Media & Technology Group, said last week that it had expanded globally. The announcement helped generate enough buzz to bump up the price of the holding company's sagging stock, at least for now. It also provoked a question: What is Truth+, anyway? It promises 'non-woke' news and entertainment. Trump Media and Technology Group, a publicly traded company, announced plans in late 2021 to introduce a video-on-demand service called TMTG+. The company said the service would focus on 'non-woke' entertainment. In press materials, the company cast TMTG+ as a direct competitor to Netflix, Disney+ and Hulu. Nothing more was said about it until April 2024, when Trump Media's president and chief executive, the former Republican representative Devin Nunes, said it 'had finished the research and development phase of its new live TV streaming platform' and would soon begin rolling it out. 'We aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services,' Mr. Nunes said. The service, renamed Truth+, formally debuted last August. It was first accessible through the Truth Social website or app, and stand-alone Truth+ apps for Android and iPhone dropped a few months later. Want all of The Times? Subscribe.
Time of India
5 days ago
- Business
- Time of India
As Truth Social business struggles, Trump Media goes big on crypto
Trump has no official position at Trump Media and does not advise it on corporate policy. But he is the company's largest shareholder, and he and his family have become big crypto boosters over the past year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Donald Trump has reinvented himself many times over, going from real estate developer to TV personality to world his social media company, Trump Media & Technology Group, which is the parent of the president's Truth Social site, is undergoing its own metamorphosis, becoming a major player in the crypto just the past few months, Trump Media has raised $2.5 billion in cash to invest in bitcoin and is working to bring crypto-related exchange traded funds, or ETFs, to has no official position at Trump Media and does not advise it on corporate policy. But he is the company's largest shareholder, and he and his family have become big crypto boosters over the past pivot to crypto highlights the reality of one of the president's highest-profile business interests. Truth Social may serve as Trump's online megaphone, which he uses to attack his enemies, praise his allies and announce executive orders, tariffs and ceasefires. But the 3-year-old social media platform has struggled to generate advertising has made Trump Media, which went public in March 2024, a consistently money-losing company, and its stock has been shedding value since its debut. This year, shares of Trump Media are down 43%.In June, Truth Social had a bit of a moment. Trump amassed more than 10 million followers. And the platform saw a big surge in daily visitors, according to Similarweb, a digital market intelligence Truth Social is still small compared with X, the social platform owned by Elon Musk, Trump's billionaire 80% of the traffic last month to Truth Social's website was to view the comments from the president, according to is one reason Trump Media has struggled to expand its user base and attract advertisers beyond those selling products geared to Trump's base. The Florida-based company with just 29 employees has also never made a big commitment to selling ads and has just a few people on staff charged with that Media incurred a $31 million net loss in the first quarter of this year and has yet to post a profit since going Devine, a Trump Media spokesperson, said, "The New York Times, in a typical partisan and brainless hit piece that reads like it was written by an AI chatbot, fails to note that Trump Media is rigorously fulfilling our plan: build up our core infrastructure, then expand throughout the patriot economy -- while amassing around $3 billion in liquid assets."The company's move into bitcoin has been fast and April, Trump Media entered into a four-year partnership with a Singaporean-based cryptocurrency exchange, to launch at least three ETFs, which are slated to trade on the New York Stock ETF is an investment fund that invests in a particular asset -- stocks, bonds, gold or crypto -- and trades like a stock. New ETFs normally need to be approved by the Securities and Exchange year's end, investors may be able to buy and sell shares of Truth Social Bitcoin ETF and Truth Social Bitcoin Ethereum ETF. (Ethereum is the platform behind the second-most-popular digital asset after bitcoin.) On Tuesday, the company filed for a blended crypto ETF called Truth Social Crypto Blue Chip ETF, which will invest in five different crypto Media is just licensing the Truth Social name to promote the securities, according to a company regulatory filing. The filing does not disclose any information about financial remuneration to Trump filing also says any marketing information for the ETFs will carry a disclaimer that says Trump Media does not take a position "regarding the advisability of investing in this fund."Trump Media will be competing with about a dozen other bitcoin-focused ETFs, including one sponsored by iShares, a division of BlackRock, the world's largest asset management firm."My guess is they look to compete based on the Trump name," said Bryan Armour, the director of ETF research with Morningstar, an investment research firm. "There's not much to distinguish them."In May, Trump Media said it had raised $2.5 billion to invest in bitcoin by selling stocks and bonds to dozens of hedge funds and the Wall Street trading firm Jane Street Capital. The deal could eventually make Trump Media the fourth-largest public company to hold bitcoin in the world."Trump's connections have likely played a critical role in securing such significant funding," said Vetle Lunde , the head of research for K33, a crypto firm. "This development further entangles Trump's financial interests with the crypto sector."Trump has drawn criticism over his family's deepening involvement with the crypto industry and the light-touch regulatory approach to digital assets adopted by his administration. One of his first steps as president was to signal his strong support for crypto and to rein in the companies donated nearly $18 million to Trump's inaugural committee. The corporate parent of for instance, gave $1 million to the inaugural in March, said the SEC had notified it that an investigation into the platform's activities had been closed. In all, the SEC has dismissed or closed about a dozen matters involving crypto companies since Trump was sworn into representatives did not return requests for comment."The concern you come back to with all Trump products are whether they are being used as a way to curry favor with the administration," said Hilary Allena professor of law at the American University Washington College of Law who has specialized in crypto 115 million shares are worth about $2 billion -- though at the stock's peak his stake was worth nearly $6 billion. Trump's shares are held in a trust managed by his eldest son, Donald Trump Jr., who is a Trump Media board member and crypto proponent himself."President Trump's assets are in a trust managed by his children," said Anna Kelly, a White House spokesperson. "There are no conflicts of interest."Some individual investors in Trump Media and regular Truth Social users are open to seeing if the shift to crypto Nedohin, a part-time pastor who has been one of Trump Media's biggest proponents, said he had personal and religious objections to crypto, which he said had a "scammy culture." But he recognizes the company needs to do something to make money and enable Truth Social to survive."Social media is not actually a profitable business," said Nedohin, who started a popular message board on Truth Social that was focused on the company's prospects. "This administration is extremely pro-cryptocurrency, and thus bitcoin is likely to rise significantly during President Trump's term."Greg Bowden, a supporter of Trump and a day trader, said he had bought and sold Trump Media shares on and off over the past year. He said he had last sold Trump Media shares around the time of Trump's inauguration, but would look to get back into it when it gets over $17. It's currently trading around $ said moving into bitcoin made sense strategically for Trump Media, given the growing popularity of some investors in Trump Media are buying in as a show of support for the president, Bowden has no illusions about Trump's ultimate goals when it comes to all of his business ventures."Trump's in it for the money," he said.
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin Rockets Over $118,000
Bitcoin (BTC-USD) shot up to about 118 158 dollars on Friday as big institutions piled in and the White House dropped some friendly signals. Ethereum (ETH-USD) climbed past 3000 dollars and other tokens like XRP and Stellar also picked up a few percent. Uniswap led the altcoins with a lively six percent bump. Back in March, the president signed an order to create a strategic crypto reserve and tapped Paul Atkins at the SEC and David Sacks at the White House's AI team. Even Trump Media is lining up an ETF that would hold multiple cryptocurrencies, according to a recent SEC filing. All this clarity on policy and high level backing has coaxed more big money into digital assets. That momentum is turning a simple Bitcoin rally into a broader token celebration. In early trading, crypto linked names from MicroStrategy through Bitfarms popped higher as investors cheered the record highs and braced for what's next. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
