We will soon have a platform that will allow us to comment on any subject in any way we want to without fear of being suspended or kicked off entirely. It is President Trump’s Truth Social. The stock rose from 50 dollars a share to 60 dollars a share on January 5th. The launch date has been set and the platform is scheduled to launch on February 21st.
The original goal was to have a market value of 1 billion dollars, but it now stands at 2.2 billion and is climbing. I am sure that Truth Social will have their own advertising and if they are cheaper than Google Ad Sense, then both FB and Google will be the biggest losers. Big Tech will no longer rule the roost in the United States.
I predict that Truth Social will have 100 million users by the 6th-month if not sooner. -And you know that there will be a lot of advertising dollars leaving FB and Google and going to Truth Social. You could say the Truth hurts.
Trump SPAC Digital World Acquisition Corp. stock rises after social media app sets target launch date https://t.co/kOF8GI2AYR
— CNBC Politics (@CNBCPolitics) January 6, 2022
Investors in former President Donald Trump’s social media venture’s parent company rejoiced Thursday, the anniversary of the Capitol riot, as shares skyrocketed by 20%.
Acquisition Corporation (DWAC) began the day with shares hovering around $50 before rising to $60 by the close of trading. This increase brought DWAC’s total market capitalization to approximately $2.2 billion.
A special purpose acquisition company (SPAC) is a company formed with the purpose of buying private businesses and securing investor funding without the private businesses themselves going public.
The driving force for Thursday’s surge was a post in the Apple App Store indicating that Truth Social — Trump’s social media platform — set a launch date of Feb. 21, Presidents’ Day. At the helm of Trump’s new platform will be Republican California Rep. Devin Nunes, who announced his plan to resign from Congress last month to become chief executive of the Trump Media and Technology Group (TMTG).
Join today and get set for a new experience, a social media platform that honors the first amendment.
You can put your name on the waiting list by going to truthsocial.com.