Still, for now at least, DWAC is shrouded in too much uncertainty to make its stock a solid investment. This is probably partly due to various technical issues on the site as there are around 1.5 million people on the waitlist, but it could also be an indication that high demand for it wont materialize. 
Naturally, the social media sector is crowded and Donald Trump is far from alone in wanting to take on the likes of Facebook and Twitter. But remained unusually quiet regarding the specifics of this proposal. Truth Social is proving to be popular in the early days of its launch. Whats Behind Arrow Electronics Stocks 1.7x Rise Since Late 2018? However, it will require a much larger cash infusion and other resources to stay abreast with its competition in the long run. Save my name, email, and website in this browser for the next time I comment. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'economagic_com-mobile-leaderboard-1','ezslot_14',121,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-mobile-leaderboard-1-0')};Indeed, Truth Social isnt even the only anti big-Tech micro-blogging platform to emerge in recent years. The announcement of its merger with TMTG was a major growth catalyst for DWAC stock. Unless youve been living under a rock, youll have heard something about the love affair and messy breakup between the former President and the social media app.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'economagic_com-medrectangle-3','ezslot_10',104,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-medrectangle-3-0')}; Lets refresh. 
quotes delayed at least 15 minutes, all others at least 20 minutes. Miami banker Patrick Orlando leads the company. Former President of the United States Donald Trump was banned from YouTube, Facebook, and Twitter following his response to January 6, 2021, U.S. Capitol attack. By clicking Sign up, you agree to receive marketing emails from Insider How much will Tesla shares be worth in 10 years time. Truth Social is a new social media platform that is being spearheaded by former President Donald Trump. All Rights Reserved, This is a BETA experience. But, before you commit to buying a bag its worth noting that several experts have warned of the risks of investing in DWAC. Privacy Policy | Disclaimer | Terms of Service | Cookie Policy | economagic.com 2022. Truth Social was down altogether for a 12-hour period, and has received less than stellar press from the mainstream media. Note: This company is also listed as one of the Best NFT Stocks. It lies between Talkatone: WiFi Text & Calls and Messenger Kids. That said, if youre one of those who expects a major shift in the media landscape in coming years, you may want to keep your eyes open for news of an initial public offering. In October last year, he announced his plans to launch a new platform dubbed Truth Social and take it public via a shell company. It is not surprising to see TRUTH Social have implementation and rollout issues. If you place a limit order, youll set a maximum price per share you are willing to pay. But it also feeds into the companys valuation which is not far off $15 billion. )if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[336,280],'economagic_com-medrectangle-4','ezslot_0',105,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-medrectangle-4-0')}; That is, until January 2021 when Donald Trumps Twitter account was permanently suspended in the wake of the Capitol riots. Of course, the world gratefully gobbled up these gems of wisdom. Sensor Tower monitors various metrics of mobile apps and has been tracking TRUTH Social from its launch. Meanwhile, VIX has surged 60% YTD, while the S&P 500 has dropped 10% over the same time period. Whereas the potential growth of a single share of stock could reach between $80 $3,000 when analyzing the previous 52-week highs of companies operating in the same sector. Best stock broker for beginnersBest discount stock brokersBest international stock broker, How to buy stocksHow to invest in stocksResearch a stock before you buy. And in the short-term, uncertainty surrounding the SECs ruling could lead to serious price fluctuation. The idea turned into a reality as the merger of Trump Media & Technology Group merged with Digital World Acquisition Corporation to form the social media platform, Truth Social. Digital World Acquisition Corp., the special purpose acquisition taking the Trump Media & Technology Group public, dropped as much as 14% before the opening bell to $54.15, the lowest price since January 10. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'economagic_com-leader-2','ezslot_7',112,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-2-0')};As long as the merger is approved, Digital World will provide Trump Media with $293 million in funding and investors will then be able to acquire TMTG stock. The other segment, TMTG+, which aims to compete with companies such as Netflix and Disney, will be a much harder technology challenge. Secondly, its important to bear in mind that the DWAC/TMTG merger would likely lead to TMTG rather than Truth Social itself being listed on the stock exchange. Special purpose acqusition companies like DWAC have no commercial operations of their own and are instead set up to merge with and raise capital for an existing company. What are some of your alternative options? He formed a new company in Trump Media & Technology Group to effectively merge with in a special purpose acquisition company (SPAC) merger. And could this new social media platform see its stock soar in the same way Twitter, Facebook and Snap have in the past? The slide contains estimated number of users or subscribers, how many could be monetized for TRUTH Social and ARPU for both offerings. In a press release, Orlando said, Given the total addressable market and President Trumps large following, we believe the TMTG opportunity has the potential to create significant shareholder value.. Is It Better To Lease Or Buy A Car In Summer 2022? I am going to stay on Truth," Trump told Fox News. Opinions expressed by Forbes Contributors are their own. The social media platform stated that Trumps tweets were likely to inspire others to replicate the violent acts that took place on January 6, 2021. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[468,60],'economagic_com-mobile-leaderboard-2','ezslot_15',110,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-mobile-leaderboard-2-0')};As of March 2022, it isnt possible to buy Truth Social stock because the company isnt publicly listed and is therefore not trading on the stock exchange. Get the inside scoop on what traders are talking about delivered daily to your inbox. Rumble is a creator-friendly platform that sees itself as a right-wing counter to YouTube. Nevertheless, there are plenty of regulatory hurdles to consider with the arrangement, making it a relatively risky yet rewarding play. I believe that Trump has enough influence within his conservative base to build a successful platform. Economy, finance & investment strategy blog written by experts. I'm an avid investor and love hunting for opportunities to improve the return on my investments. Meanwhile, you can buy the stock of Digital World Acquisition Corp. (NASDAQ: DWAC). You may opt-out by. There have been multiple reports that Trump and DWAC CEO Patrick Orlando had previously discussed a merger, and that the SPAC was launched specifically with the TMTG merger in mind clearly violating SEC regulations.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[336,280],'economagic_com-leader-4','ezslot_12',115,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-4-0')}; Yes, in theory theres a simple way for users to indirectly back Truth Social by acquiring DWAC stock. In October 2021, Trump Media announced a merger with Digital World Acquisition Corporation a special purpose acquisition company (or blank check company) that would allow Trump Media to become a publicly-traded company without offering an IPO. Truth Socials version of Mastodon removes polls and visibility options, while Mastodon requires any derivative source code to be publicly available. The one-time jewel of former President Donald Trump's casino empire will be gone, clearing the way for a prime development opportunity on the middle of the Boardwalk, where the Plaza used to market itself as Atlantic Citys centerpiece." Truth Social has not filed for an IPO, as they are owned by a parent company. If thats the case, it could become a major player in the social media realm and create life a whole lot tougher for its peers. Exclusive content will key in taking the platform to the next level, and it seems Rumble is progressing well in this department. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. However, the SPAC Digital World Acquisition Company (symbol: DWAC) that is planning on merging with Trumps social media company has a pre-merger valuation of about $1.8 billion and almost $10 billion when the additional shares that will be awarded post-merger are included. Following these social media platforms banning him, most notably Twitter where the former President had amassed over 89 million followers, he proposed launching a social media platform of his own. Jersey, U.S., on Wednesday, Feb. 17, 2021. The Trump Media & Technology Group, the company under which the platform will operate, has already entered into an agreement to merge with Digital World Acquisition (NASDAQ: DWAC). It is not yet available on Android devices, and its inclusion there could bring in millions of downloads.
As well as Truth Social, Trump Media intends to launch an on-demand streaming platform (TMTG+). Thats pretty high for a brand-new venture whose operational capacity remains shrouded in uncertainty. The following guide answers the question: Can you Buy Truth Social Stock? Truth Social is owned by Digital World Acquisition Corporation. A lot of SPACs stocks have fallen back down to earth and are trading well below the de-SPACing price. In the last slide titled Revenue Projections there are assumptions for TRUTH Social, the Twitter style social media site, and TMTG+, a subscription service similar to Netflix NFLX It provides an alternative in the media landscape that several content creators perceive as partisan. Tesla Stock Not A Buy Despite 42% Revenue Growth. There are two types of orders you can place to buy Truth Social (or DWAC) shares: market orders and limit orders. After Twitter (NYSE:TWTR) and Facebook (NASDAQ:FB) banned him, former President Donald Trump has finally made good on his promise to launch his own social media platform, titled Truth Social. However, there is no easy answer as to whether or not buying Truth Social is a smart investment for you. Shares of Digital World Acquisition Corp. the SPAC trying to take Trump's fledgling media venture public fell 13% to $35.71. What To Expect From Schlumbergers Stock Post Q2? Since DWAC is a special purpose acquisition comapny, its share price will largely be dictated by the performance of Trump Media. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'economagic_com-large-mobile-banner-2','ezslot_6',120,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-large-mobile-banner-2-0')};If this is the case, TMTGs share price will be influenced by factors apart from Truth Socials performance. But they are preparing to launch the stock as soon as possible. Monthly active user (MAU) growth has been exceptional for the platform. Other popular social media outlets followed suit: Facebook, and Youtube plus other social media platforms like Instagram, Snapchat and Twitch all opted to ban the former President. According to AppTopias data, Truth Social was recieved 170,000 downloads the first day it was listed on Apples app store. Indeed, TMTGs own projections foresee $3,665.3 million in revenues in 2026, but only expect a small portion (>8%) to come from Truth Social with the bulk of income stemming from the companys streaming platform. Cruise Stocks Sink After Carnival Announces $1 Billion Share Sale, Global Population To Hit 8 Billion This November. As technology has progressed, the number of social media platforms has increased, which created even more specialized niche ways of accessing social media and seemed to also enhance this desired autonomy. Shares of Digital World Acquisition Corp. slumped as much as 11% Monday following a Reuters report that two executives overseeing the buildup of Donald Trump's Truth Social social media startup have left. The reason it is so important, besides estimating revenues, users and average revenue per user, or ARPU, is that it helps to justify a stock price that has skyrocketed since the merger was announced. Digital World Acquisition Corp. is headed up by Patrick Orlando formerly of Deutsche Bank and Benessere Capital.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'economagic_com-leader-1','ezslot_13',109,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-1-0')}; Digital World Acquisition Corporation completed its IPO in September 2021, with a single share priced at $10. Given the strength of his online fanbase and the general proliferation of we like the stock investing, it seems possible the plan is just to launch the company and have his true believers buy in. Both Gab and Parler claim to be social media platforms that champion free speech; although critics have claimed both apps are breeding grounds for far right ideas. From the latest weeks data it shows that downloads have fallen 97% from the initial burst the first week. Of course, the greatest hurdle to any social media platforms success is competition with so many established free apps offering similar capabilities, it will take a great deal of traction for a newcomer to get off the ground. This is typical for any startup creating a new app that is targeting millions of users. You cannot buy stock directly in Truth Social; however, you can purchase stock from Digital World Acquisition Group (NASDAQ: DWAC) due to its merger with Trump Media & Technology. We know what youre thinking a high share price is a good thing, right?if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[580,400],'economagic_com-large-mobile-banner-1','ezslot_4',119,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-large-mobile-banner-1-0')}; Of course it is. 2022 Forbes Media LLC. "I hope Elon buys Twitter because he'll make improvements to it and he is a good man, but I am going to be staying on Truth. In fact, he once sent out 200 tweets and retweets in a single day. Moreover, it boasts spectacular growth numbers across its top and bottom lines, along with healthy free cash flow growth. News of the resignations follows a sharp slide in DWAC shares in recent sessions. Since Truth Social is not currently a publicly-traded social media platform, there is not a price to report on how much a single stock in the company would cost. The social media app no doubt aided Trumps rise but equally gave ordinary citizens unprecedented insight into the workings of a Presidents mind. If you place a market order, youll buy however many shares of Pfizer stock you wish to purchase at the current market price. Read on, as we drill deeper into Truth Social, and look at the possibility and potential of acquiring shares in former President Donald Trumps social media venture. Alternative investment ideas, economic commentary and finance strategy and tips. While TRUTH Social is the smaller revenue component of Trumps Media and Technology Group, it is probably the easier segment of the business to get up and running. Why it matters: Digital World Acquisition Corp.'s stock price has been cut in half over the past month. *. If Truth Social is launched with its current software, there is the potential it could violate the AGPLv3 license from its free and open-source software, called Mastodon. The Truth Social app has reportedly seen a slide in downloads since its launch in February. That percentage is likely to ramp up quickly by 2026, with an estimated 21% bump. For investors, it might be a great time for them to get a massive lift from the launch of Trumps new platform. Its MAUs increased by another three million during January this year. Monday was a good day for Elon Musk, but not for former President Donald Trump. 1125 N. Charles St, Baltimore, MD 21201. This social media platform will be set up similarly to the Twitter layout. this new social media company founded by Donald Trump could be an enormously profitable investment center. You cannot buy stock directly in Truth Social; however, you can purchase stock from Digital World Acquisition Group (NASDAQ: DWAC) due to its merger with Trump Media & Technology. "If Josh has left all bets are off," one source told Reuters, calling Adams the "brains" behind Truth Social's technology. If IPOs interest you, check out our list of theBest Potential IPOs. They set themselves a deadline (usually around two years) by which they aim to find a company to merge with and tell the market which industry theyre targeting though they can really merge with any willing business. Investors should move forward with the understanding that Truth Social has not yet generated any significant revenue. We explore this question of buying Truth Social Stock below. Trump Medias long-term plans include creating competitors to Amazon's AWS cloud service, Google Cloud, and online payment service Stripe. App Store on Monday, February 21. Palo Alto Networks is a top cyber security player that has significantly expanded its growth prospects with its hardware security focus. as well as other partner offers and accept our, Registration on or use of this site constitutes acceptance of our. SPECIAL purpose acquisition company DIGITal world acquisition corp. Former President Donald Trump launched the Trump Media technology group in February 2021. TMTG is likely to offer several alternatives for social networks and the mainstream media, which Trump labeled as fake news during his tenure. Though its protocols will have been tightened by now, cyber security will remain a critical component of its success going forward. Truth Social is the newest social media platform that promises to provide users with the sovereignty the social media Goliaths once offered. Buy Digital World Acquisition Group (NASDAQ: DWAC) stock on Etoro now! Donald Trump had a whole meme presidency. The initial popularity of the app opens the door for investors to looks for additional stocks to buy to capitalize on Truth Social. Investing is a personal decision what is good for you may not be good for another investor and vice versa. Unless downloads can pick back up the number of downloads for 2022 will be far short of the 16 million projected. Truth Social might flourish, yet if TMTG+ does not reach expectations, it is not unreasonable to think that TMTGs stock might flounder. Heres a far more detailed explainer if youre curious (click here). eToro is a well-known fintech company and a social trading broker, established in 2007. However, several sources have recently reported that the SEC is unlikely to accept the merger between DWAC and TMTG since regulations make it illegal for an SPAC to discuss merging with a potential target prior to listing as a company. The stock price is down 30% since the start of 2022. Hence, PANW will be one of the first stocks in the cyber security discussion. If youre convinced that the social media company founded by former President Donald Trump will be the next phone app to really pop, there are ways you can back it indirectly.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'economagic_com-leader-3','ezslot_11',111,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-3-0')}; In October 2021, Trump Media announced plans for a merger with the special purpose acquisition company (SPAC) Digital World Acquistion Corporation. It has a lot of innovative features, like social trading and copying other (successful) traders. Its MAUs have grown from just 2 million to a staggering 36 million from the third quarter of 2020 to the third quarter last year.
Naturally, the social media sector is crowded and Donald Trump is far from alone in wanting to take on the likes of Facebook and Twitter. But remained unusually quiet regarding the specifics of this proposal. Truth Social is proving to be popular in the early days of its launch. Whats Behind Arrow Electronics Stocks 1.7x Rise Since Late 2018? However, it will require a much larger cash infusion and other resources to stay abreast with its competition in the long run. Save my name, email, and website in this browser for the next time I comment. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'economagic_com-mobile-leaderboard-1','ezslot_14',121,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-mobile-leaderboard-1-0')};Indeed, Truth Social isnt even the only anti big-Tech micro-blogging platform to emerge in recent years. The announcement of its merger with TMTG was a major growth catalyst for DWAC stock. Unless youve been living under a rock, youll have heard something about the love affair and messy breakup between the former President and the social media app.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'economagic_com-medrectangle-3','ezslot_10',104,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-medrectangle-3-0')}; Lets refresh. quotes delayed at least 15 minutes, all others at least 20 minutes. Miami banker Patrick Orlando leads the company. Former President of the United States Donald Trump was banned from YouTube, Facebook, and Twitter following his response to January 6, 2021, U.S. Capitol attack. By clicking Sign up, you agree to receive marketing emails from Insider How much will Tesla shares be worth in 10 years time. Truth Social is a new social media platform that is being spearheaded by former President Donald Trump. All Rights Reserved, This is a BETA experience. But, before you commit to buying a bag its worth noting that several experts have warned of the risks of investing in DWAC. Privacy Policy | Disclaimer | Terms of Service | Cookie Policy | economagic.com 2022. Truth Social was down altogether for a 12-hour period, and has received less than stellar press from the mainstream media. Note: This company is also listed as one of the Best NFT Stocks. It lies between Talkatone: WiFi Text & Calls and Messenger Kids. That said, if youre one of those who expects a major shift in the media landscape in coming years, you may want to keep your eyes open for news of an initial public offering. In October last year, he announced his plans to launch a new platform dubbed Truth Social and take it public via a shell company. It is not surprising to see TRUTH Social have implementation and rollout issues. If you place a limit order, youll set a maximum price per share you are willing to pay. But it also feeds into the companys valuation which is not far off $15 billion. )if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[336,280],'economagic_com-medrectangle-4','ezslot_0',105,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-medrectangle-4-0')}; That is, until January 2021 when Donald Trumps Twitter account was permanently suspended in the wake of the Capitol riots. Of course, the world gratefully gobbled up these gems of wisdom. Sensor Tower monitors various metrics of mobile apps and has been tracking TRUTH Social from its launch. Meanwhile, VIX has surged 60% YTD, while the S&P 500 has dropped 10% over the same time period. Whereas the potential growth of a single share of stock could reach between $80 $3,000 when analyzing the previous 52-week highs of companies operating in the same sector. Best stock broker for beginnersBest discount stock brokersBest international stock broker, How to buy stocksHow to invest in stocksResearch a stock before you buy. And in the short-term, uncertainty surrounding the SECs ruling could lead to serious price fluctuation. The idea turned into a reality as the merger of Trump Media & Technology Group merged with Digital World Acquisition Corporation to form the social media platform, Truth Social. Digital World Acquisition Corp., the special purpose acquisition taking the Trump Media & Technology Group public, dropped as much as 14% before the opening bell to $54.15, the lowest price since January 10. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'economagic_com-leader-2','ezslot_7',112,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-2-0')};As long as the merger is approved, Digital World will provide Trump Media with $293 million in funding and investors will then be able to acquire TMTG stock. The other segment, TMTG+, which aims to compete with companies such as Netflix and Disney, will be a much harder technology challenge. Secondly, its important to bear in mind that the DWAC/TMTG merger would likely lead to TMTG rather than Truth Social itself being listed on the stock exchange. Special purpose acqusition companies like DWAC have no commercial operations of their own and are instead set up to merge with and raise capital for an existing company. What are some of your alternative options? He formed a new company in Trump Media & Technology Group to effectively merge with in a special purpose acquisition company (SPAC) merger. And could this new social media platform see its stock soar in the same way Twitter, Facebook and Snap have in the past? The slide contains estimated number of users or subscribers, how many could be monetized for TRUTH Social and ARPU for both offerings. In a press release, Orlando said, Given the total addressable market and President Trumps large following, we believe the TMTG opportunity has the potential to create significant shareholder value.. Is It Better To Lease Or Buy A Car In Summer 2022? I am going to stay on Truth," Trump told Fox News. Opinions expressed by Forbes Contributors are their own. The social media platform stated that Trumps tweets were likely to inspire others to replicate the violent acts that took place on January 6, 2021. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[468,60],'economagic_com-mobile-leaderboard-2','ezslot_15',110,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-mobile-leaderboard-2-0')};As of March 2022, it isnt possible to buy Truth Social stock because the company isnt publicly listed and is therefore not trading on the stock exchange. Get the inside scoop on what traders are talking about delivered daily to your inbox. Rumble is a creator-friendly platform that sees itself as a right-wing counter to YouTube. Nevertheless, there are plenty of regulatory hurdles to consider with the arrangement, making it a relatively risky yet rewarding play. I believe that Trump has enough influence within his conservative base to build a successful platform. Economy, finance & investment strategy blog written by experts. I'm an avid investor and love hunting for opportunities to improve the return on my investments. Meanwhile, you can buy the stock of Digital World Acquisition Corp. (NASDAQ: DWAC). You may opt-out by. There have been multiple reports that Trump and DWAC CEO Patrick Orlando had previously discussed a merger, and that the SPAC was launched specifically with the TMTG merger in mind clearly violating SEC regulations.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[336,280],'economagic_com-leader-4','ezslot_12',115,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-4-0')}; Yes, in theory theres a simple way for users to indirectly back Truth Social by acquiring DWAC stock. In October 2021, Trump Media announced a merger with Digital World Acquisition Corporation a special purpose acquisition company (or blank check company) that would allow Trump Media to become a publicly-traded company without offering an IPO. Truth Socials version of Mastodon removes polls and visibility options, while Mastodon requires any derivative source code to be publicly available. The one-time jewel of former President Donald Trump's casino empire will be gone, clearing the way for a prime development opportunity on the middle of the Boardwalk, where the Plaza used to market itself as Atlantic Citys centerpiece." Truth Social has not filed for an IPO, as they are owned by a parent company. If thats the case, it could become a major player in the social media realm and create life a whole lot tougher for its peers. Exclusive content will key in taking the platform to the next level, and it seems Rumble is progressing well in this department. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. However, the SPAC Digital World Acquisition Company (symbol: DWAC) that is planning on merging with Trumps social media company has a pre-merger valuation of about $1.8 billion and almost $10 billion when the additional shares that will be awarded post-merger are included. Following these social media platforms banning him, most notably Twitter where the former President had amassed over 89 million followers, he proposed launching a social media platform of his own. Jersey, U.S., on Wednesday, Feb. 17, 2021. The Trump Media & Technology Group, the company under which the platform will operate, has already entered into an agreement to merge with Digital World Acquisition (NASDAQ: DWAC). It is not yet available on Android devices, and its inclusion there could bring in millions of downloads. As well as Truth Social, Trump Media intends to launch an on-demand streaming platform (TMTG+). Thats pretty high for a brand-new venture whose operational capacity remains shrouded in uncertainty. The following guide answers the question: Can you Buy Truth Social Stock? Truth Social is owned by Digital World Acquisition Corporation. A lot of SPACs stocks have fallen back down to earth and are trading well below the de-SPACing price. In the last slide titled Revenue Projections there are assumptions for TRUTH Social, the Twitter style social media site, and TMTG+, a subscription service similar to Netflix NFLX It provides an alternative in the media landscape that several content creators perceive as partisan. Tesla Stock Not A Buy Despite 42% Revenue Growth. There are two types of orders you can place to buy Truth Social (or DWAC) shares: market orders and limit orders. After Twitter (NYSE:TWTR) and Facebook (NASDAQ:FB) banned him, former President Donald Trump has finally made good on his promise to launch his own social media platform, titled Truth Social. However, there is no easy answer as to whether or not buying Truth Social is a smart investment for you. Shares of Digital World Acquisition Corp. the SPAC trying to take Trump's fledgling media venture public fell 13% to $35.71. What To Expect From Schlumbergers Stock Post Q2? Since DWAC is a special purpose acquisition comapny, its share price will largely be dictated by the performance of Trump Media. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'economagic_com-large-mobile-banner-2','ezslot_6',120,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-large-mobile-banner-2-0')};If this is the case, TMTGs share price will be influenced by factors apart from Truth Socials performance. But they are preparing to launch the stock as soon as possible. Monthly active user (MAU) growth has been exceptional for the platform. Other popular social media outlets followed suit: Facebook, and Youtube plus other social media platforms like Instagram, Snapchat and Twitch all opted to ban the former President. According to AppTopias data, Truth Social was recieved 170,000 downloads the first day it was listed on Apples app store. Indeed, TMTGs own projections foresee $3,665.3 million in revenues in 2026, but only expect a small portion (>8%) to come from Truth Social with the bulk of income stemming from the companys streaming platform. Cruise Stocks Sink After Carnival Announces $1 Billion Share Sale, Global Population To Hit 8 Billion This November. As technology has progressed, the number of social media platforms has increased, which created even more specialized niche ways of accessing social media and seemed to also enhance this desired autonomy. Shares of Digital World Acquisition Corp. slumped as much as 11% Monday following a Reuters report that two executives overseeing the buildup of Donald Trump's Truth Social social media startup have left. The reason it is so important, besides estimating revenues, users and average revenue per user, or ARPU, is that it helps to justify a stock price that has skyrocketed since the merger was announced. Digital World Acquisition Corp. is headed up by Patrick Orlando formerly of Deutsche Bank and Benessere Capital.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'economagic_com-leader-1','ezslot_13',109,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-1-0')}; Digital World Acquisition Corporation completed its IPO in September 2021, with a single share priced at $10. Given the strength of his online fanbase and the general proliferation of we like the stock investing, it seems possible the plan is just to launch the company and have his true believers buy in. Both Gab and Parler claim to be social media platforms that champion free speech; although critics have claimed both apps are breeding grounds for far right ideas. From the latest weeks data it shows that downloads have fallen 97% from the initial burst the first week. Of course, the greatest hurdle to any social media platforms success is competition with so many established free apps offering similar capabilities, it will take a great deal of traction for a newcomer to get off the ground. This is typical for any startup creating a new app that is targeting millions of users. You cannot buy stock directly in Truth Social; however, you can purchase stock from Digital World Acquisition Group (NASDAQ: DWAC) due to its merger with Trump Media & Technology. We know what youre thinking a high share price is a good thing, right?if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[580,400],'economagic_com-large-mobile-banner-1','ezslot_4',119,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-large-mobile-banner-1-0')}; Of course it is. 2022 Forbes Media LLC. "I hope Elon buys Twitter because he'll make improvements to it and he is a good man, but I am going to be staying on Truth. In fact, he once sent out 200 tweets and retweets in a single day. Moreover, it boasts spectacular growth numbers across its top and bottom lines, along with healthy free cash flow growth. News of the resignations follows a sharp slide in DWAC shares in recent sessions. Since Truth Social is not currently a publicly-traded social media platform, there is not a price to report on how much a single stock in the company would cost. The social media app no doubt aided Trumps rise but equally gave ordinary citizens unprecedented insight into the workings of a Presidents mind. If you place a market order, youll buy however many shares of Pfizer stock you wish to purchase at the current market price. Read on, as we drill deeper into Truth Social, and look at the possibility and potential of acquiring shares in former President Donald Trumps social media venture. Alternative investment ideas, economic commentary and finance strategy and tips. While TRUTH Social is the smaller revenue component of Trumps Media and Technology Group, it is probably the easier segment of the business to get up and running. Why it matters: Digital World Acquisition Corp.'s stock price has been cut in half over the past month. *. If Truth Social is launched with its current software, there is the potential it could violate the AGPLv3 license from its free and open-source software, called Mastodon. The Truth Social app has reportedly seen a slide in downloads since its launch in February. That percentage is likely to ramp up quickly by 2026, with an estimated 21% bump. For investors, it might be a great time for them to get a massive lift from the launch of Trumps new platform. Its MAUs increased by another three million during January this year. Monday was a good day for Elon Musk, but not for former President Donald Trump. 1125 N. Charles St, Baltimore, MD 21201. This social media platform will be set up similarly to the Twitter layout. this new social media company founded by Donald Trump could be an enormously profitable investment center. You cannot buy stock directly in Truth Social; however, you can purchase stock from Digital World Acquisition Group (NASDAQ: DWAC) due to its merger with Trump Media & Technology. "If Josh has left all bets are off," one source told Reuters, calling Adams the "brains" behind Truth Social's technology. If IPOs interest you, check out our list of theBest Potential IPOs. They set themselves a deadline (usually around two years) by which they aim to find a company to merge with and tell the market which industry theyre targeting though they can really merge with any willing business. Investors should move forward with the understanding that Truth Social has not yet generated any significant revenue. We explore this question of buying Truth Social Stock below. Trump Medias long-term plans include creating competitors to Amazon's AWS cloud service, Google Cloud, and online payment service Stripe. App Store on Monday, February 21. Palo Alto Networks is a top cyber security player that has significantly expanded its growth prospects with its hardware security focus. as well as other partner offers and accept our, Registration on or use of this site constitutes acceptance of our. SPECIAL purpose acquisition company DIGITal world acquisition corp. Former President Donald Trump launched the Trump Media technology group in February 2021. TMTG is likely to offer several alternatives for social networks and the mainstream media, which Trump labeled as fake news during his tenure. Though its protocols will have been tightened by now, cyber security will remain a critical component of its success going forward. Truth Social is the newest social media platform that promises to provide users with the sovereignty the social media Goliaths once offered. Buy Digital World Acquisition Group (NASDAQ: DWAC) stock on Etoro now! Donald Trump had a whole meme presidency. The initial popularity of the app opens the door for investors to looks for additional stocks to buy to capitalize on Truth Social. Investing is a personal decision what is good for you may not be good for another investor and vice versa. Unless downloads can pick back up the number of downloads for 2022 will be far short of the 16 million projected. Truth Social might flourish, yet if TMTG+ does not reach expectations, it is not unreasonable to think that TMTGs stock might flounder. Heres a far more detailed explainer if youre curious (click here). eToro is a well-known fintech company and a social trading broker, established in 2007. However, several sources have recently reported that the SEC is unlikely to accept the merger between DWAC and TMTG since regulations make it illegal for an SPAC to discuss merging with a potential target prior to listing as a company. The stock price is down 30% since the start of 2022. Hence, PANW will be one of the first stocks in the cyber security discussion. If youre convinced that the social media company founded by former President Donald Trump will be the next phone app to really pop, there are ways you can back it indirectly.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'economagic_com-leader-3','ezslot_11',111,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-leader-3-0')}; In October 2021, Trump Media announced plans for a merger with the special purpose acquisition company (SPAC) Digital World Acquistion Corporation. It has a lot of innovative features, like social trading and copying other (successful) traders. Its MAUs have grown from just 2 million to a staggering 36 million from the third quarter of 2020 to the third quarter last year.