Trump's Truth Social has trademark application denied as setbacks pile up [View all]

[LetMyPeopleVote]

Remember that Trump Media & Technology was supposed to be capitalized with between $780 million and $1 billion when the merger with the special purpose acquisition corporation was consummated. When you are building a major company, you have to be careful with your intellectual property and trademarks. Here the name Truth Social is too close to at least two other trademarks

TFG is a horrible businessman and should have spent the money to make sure that his intellectual property was in good shape.

Link to tweet

https://www.axios.com/2022/08/25/trump-truth-social-trademark-denied

The U.S. Patent and Trademark Office (USPTO) refused Donald Trump's application for a trademark for "Truth Social," the name of his social media company earlier this month. A trademark lawyer in Washington surfaced the filing on Thursday.

Why it matters: The trademark refusal is just the latest setback for the former president's social media app and its parent company, which have been beset by a raft of issues over the past few months.

What's happening: The USPTO found two other companies who already use the Truth Social wording, which would create what's known as "likelihood of confusion" if Trump also got the mark......

The big picture: Truth Social and the SPAC looking to take its parent company public have faced enormous legal and technical challenges ever since the app was announced last October.

Last week, Digital World Acquisition Group (DWAC), the blank check company that plans to merge with the parent company Truth Social to take it public, looked to delay its earnings report

The week before it asked shareholders to approve an extension of its merger agreement by a year.

The Truth Social app missed its launch deadline, putting thousands of users on a waitlist for weeks.

The SPAC is under investigation by the SEC for possibly negotiating their deal prior to DWAC going public, which is illegal if true.

An investor sued the SPAC's CEO last year claiming fraud.

There's been confusion regarding whether or not certain members of the board are still on the board.