Posted on 10/21/2021 11:33:28 AM PDT by Navy Patriot
Former U.S. President Donald Trump’s plan to create a new social media app after Twitter Inc and Facebook Inc barred him from their platforms this year won an endorsement from investors on Thursday who sent shares in a shell company backing the effort soaring.
Trump Media and Technology Group and Digital World Acquisition Corp, a Special Purpose Acquisition Vehicle, said on Wednesday https://www.reuters.com/world/us/former-us-president-donald-trump-launches-new-social-media-platform-2021-10-21 they would merge to create a new social media app called TRUTH Social. Trump’s company said it plans a beta launch next month and a full roll-out in the first quarter of 2022.
Shares of Miami-based Digital World surged 140% to $23.53 on the Nasdaq. SPACs such as Digital World use money raised through an initial public offering to take a private company public.
(Excerpt) Read more at oann.com ...
On August 1, 1988, Rush Limbaugh's first Broadcast was the start of putting the Truth on Talk Radio, and the Left has never been able to compete on talk radio ever since.
I dove into this stock - glad I did
Good for you, after the hubbub dies and it seeks its real level let us know how you did and I hope you enjoy roller coaster non didvdend paying rides.
I bought some and it has more than doubled in the last three hours.
I’m kicking myself - I bought in premarket at just under 11 and I wish I’d put in more money - lol
It it hits 55 I’ll take out 20% and my original investment, else we’ll let it ride
The question is what do you think a new social media platform by Trump is worth and what is the potential ?
Twitter is worth $52 Billion with 775 million shares in float
Facebook is worth $963 Billion with 2.4 billion shares float
Trump’s is worth about $2-3 Billion so far depending on the close and only 19.8 million shares in float
This is not the only stock I own by the way
Thanks Joann, I should have included “Special Purpose Acquisition Company” in my comment.
To all you investor geeks.
Can this stock split? Or whatever its called?
I know my mom had KC stock way back when and it split a couple times.
Hope you make a killing, and the Marxist Social Media winds up dead.
I don’t think it will have time to split, it has a lifespan of only two years in which it will become a specific stock of a specific company, or be refunded to the stock owner.
“””May the Trump Media Empire Strike Back!”””
FReepers just imagine a Trump Media Empire (TME) where:
1. Conservative politicians spend their campaign advertising dollars on TME instead of ABC, CBS, etd.
2. Corporations advertise their products on TME because they know conservatives have the money to spend on their products.
3. People can freely discuss their opinions on TME instead of being censored by FB and TWTR.
4. Conservatives buy shares in DWAC and make millions as the mainstream media and FB and TWTR go bankrupt.
What glorious opportunities await us.
FB has 263 B in market cap value? Holy Mother of God. Why?
Would love to see FB and TW go tits up.
No it has a $963 market cap, just under $1 Trillion
FB has 263 B in market cap value? Holy Mother of God. Why?
no facebook 966 Billion
netflix 290 Billion
Twitter 52 Billion
Trump is taking them all on
Market cap of DWAC right now at 43 a share
1.6 Billion
The slow and steady way to become wealthy.
Here’s the presentation on the company and the expected future: https://tmtgcorp.com/company-overview/
Good then sell it because after today ??
Its not investing it is day trading. Big dif. and no dif than a trip to Foxwoods
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