DWAC, the Trump Social-Media SPAC, Surges: What to Know

kmiklas said:
I have to watch every word on Twitter, Facebook, and YT for fear of the banhammer dropping. It's impossible to exercise freedom of speech, voice opposing opinions, or state critical thinking; It's basically for puppies and kittens now.

President Trump will respect Freedom of Speech on his new social media platform.
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You don’t exercise your freedom of speech protections on Facebook or Twitter. Why is this so hard to understand? It’s like going to a Wendy’s and asking them to renew your passport.

You should really spend some time and try to understand the country you live in.
 
kmiklas said:
imnsho, the next Facebook; the answer to Baffled Biden and the fascists that masked freedom of speech on Twitter et alia. I'm not licensed to give advice, but pile in before it goes to the moon!

https://www.wsj.com/articles/trump-...xwnh5fcwpzg&reflink=desktopwebshare_permalink

What is DWAC?
Digital World Acquisition Corp. DWAC +99.03% is a special-purpose acquisition company, or SPAC. It is essentially a pot of money raised from investors with the intention of finding a private company to buy. In this case, DWAC completed its initial public offering in September.

Hundreds of SPACs have been launched in the past two years, tapping into two market trends: investor enthusiasm to buy anything, and a flood of private startups looking to hit the public markets.

Why is DWAC going crazy?
This SPAC was up sharply from its listing price earlier Friday. The stock is surging in part because it is linked to one of the major figures on social media, former President Donald Trump, and this seems to have spurred a wave of individual-investor interest. The firm is also promoting itself as having a large market opportunity in presenting an alternative to what it views as the liberal-minded media establishment.

How is Donald Trump involved?
Unclear. He is listed as chairman (a notoriously vague corporate title) of Trump Media & Technology Group, the newly formed company that is merging with DWAC and that has plans to launch a conservative-leaning social network called Truth Social.

A little friendly reminder of the day he was masked: my blood boils today just as hot as it did the day I tried to load his T*tter page and saw this:

View attachment 269851
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Trump's "social website" will be out of business in 30 days. Ignoring that they were unable to stay up longer than 1 day this week.

Trump’s social network has 30 days to stop breaking the rules of its software license
Truth Social ripped off open-source platform Mastodon
https://www.theverge.com/2021/10/22...mastodon-license-software-freedom-conservancy
 
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kmiklas said:
Yeah, so? There's a world of difference between disrespect and critical thinking/opinion.
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Miklas is a Polish/Czech name. A slavic name from where the English word slave is derived.

Uncounted invaders crashing through those central lands on their way somewhere and natural selection of survivors leading to a particular type, who's nature is to worship the conqueror of the week.

Disrespect and critical thinking, its great stuff in my opinion.
 
I saw a thing on Bloomberg earlier, said Trump stands to make billions off of this.
It was on the scrolling thing where they only post headlines, so I didn't read the article, but "billions(!!!)?

Really?

My gut is he (Trump), nor his people bought the stock on day 1. And no way they bought it on the climb. So I guess we have to look and see the paperwork filed with the SEC to see who owns what and how many shares or warrants, but I have to question "billions". That said, Bloomberg is usually right.
What's the "My Pillow" guy's ad budget?
That's a lot of pillows.
 
vanzandt said:
I saw a thing on Bloomberg earlier, said Trump stands to make billions off of this.
It was on the scrolling thing where they only post headlines, so I didn't read the article, but "billions(!!!)?

Really?

My gut is he (Trump), nor his people bought the stock on day 1. And no way they bought it on the climb. So I guess we have to look and see the paperwork filed with the SEC to see who owns what and how many shares or warrants, but I have to question "billions". That said, Bloomberg is usually right.
What's the "My Pillow" guy's ad budget?
That's a lot of pillows.
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Trump's Tech SPAC Could Make Him Billions With Meme-Stock Frenzy
https://www.bloomberg.com/news/arti...ould-make-him-billions-with-meme-stock-frenzy
 
Ricter said:
He better cash out faster than he typically does, and actually capture a profit. Otherwise this new "product" goes the way of Trump Steaks.
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The traditional television media programming side might actually make some money. They just need to copy the Fox News model and brand it Trump. Fox does very little actual news work and basically relies on major outlets for the basis of their reporting, then they just spin it right. There’s legit profitability there, IMO. Right wingers still watch actual TV. They are big consumers and Trump can definitely build a tabloid tv news network.

The social media stuff is a big stretch. The right has failed over and over again at this because their general footprint is actually pretty small in the scheme of things. The general public isn’t going to join a Trump branded social media. The general public wants to see pictures of their grandkids and to share funny memes. That’s what makes Facebook so powerful- everyone is there but politics is an aside, not the main attraction.

I read Trump media has raised $300 million, that’s big money. How much of that is going to actually be invested to build up the company vs how much will be grifted out will ultimately determine the product.
 
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