If you continue to use this site we will assume that you are happy with it. Article printed from InvestorPlace Media, https://investorplace.com/2022/03/3-stocks-to-buy-to-get-a-boost-from-trumps-truth-social/. 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. 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. 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. Stephanie Chan, Sensor Towers Mobile Insights Strategist, said "Its difficult to predict how TRUTH Social will perform in the future as weve seen apps surge in popularity at launch and then decline, as well as vice versa in cases such as Parler, which picked up traction years after it launched in late 2018., She added, The app faces the added challenge of entering a competitive space, especially one that relies on a network effect, which will necessitateamong addressing any technical hurdlesa significant, sustained marketing campaign to surmount.". 1125 N. Charles St, Baltimore, MD 21201. The process for getting the company to be traded publicly has been started already and we can expect to buy and sell the shares by February 2022. This social media platform will be set up similarly to the Twitter layout. 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. He also highlighted the possibility of building out our own platform in the near future.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'economagic_com-box-4','ezslot_2',106,'0','0'])};if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-economagic_com-box-4-0')}; Fast-forward 13 months, and the possibility of Donald Trump launching a new social media company has become very real indeed. AAPL 1125 N. Charles St, Baltimore, MD 21201. But it also feeds into the companys valuation which is not far off $15 billion. 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. Digital World Acquisition Corporation (DWAC) became a publicly-traded company with its Special Purpose Acquisition Company (SPAC) Initial Public Offering (IPO) on the NASDAQ on July 8, 2020. Keep in mind that just because Truth Social is doing well now doesnt mean that youll see the returns you are counting on. Many ask the same question about other new billionaire ventures like Mark Cubans Cost Plus Drugs or Elon Musks Neuralink. According to AppTopias data, Truth Social was recieved 170,000 downloads the first day it was listed on Apples app store. Shares of Digital World Acquisition Corp. the SPAC trying to take Trump's fledgling media venture public fell 13% to $35.71. The company has executed incredibly well over the past several years and is now a major player in endpoint security. The slide contains estimated number of users or subscribers, how many could be monetized for TRUTH Social and ARPU for both offerings. A merger that values Trump Media & Technology Group at $875 million. The conservative social-media platform launched in February. DWACs popularity is on the rise among individual investors and within major online discussion forums. Its called Truth Social, and it hit Apples app store in the USA on February 21 2022. No, you cant buy stock in Truth Social as this new social media company is owned by Digital World Acquisition Corporation (DWAC). Miami banker Patrick Orlando leads the company. quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright 2022 InvestorPlace Media, LLC. The plan is to offer video streaming and a news website in addition to its social media platform. Posts on the platform will be referred to as Truths. Shared posts will be called Re-Truths., Former President of the United States Donald Trump was banned from YouTube, Facebook, and Twitter following his response to, You cannot buy stock directly in Truth Social; however, you can purchase stock from, Digital World Acquisition Corporation (DWAC). Firstly, DWACs current share price of $70 a sevenfold increase on the IPO price demands further scrutiny. Another source said Boozer had been running management across technology infrastructure, design and development teams. But what users did not understand was that as these platforms grew, the rules began to change. 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. Thus, I believe investors should be patient and wait for the de-SPACing process to finish. Former President Donald Trumps alternate social media platform Truth Social is off to a flyer with its debut on the Apple (NASDAQ:AAPL) App Store. Truth Social is a new social media platform that is being spearheaded by former President Donald Trump. Briefly, SPACs are shell companies that get listed on exchanges like the Nasdaq and exist for the sole purpose of eventually merging with companies that want to go public. According to TMTG, the platform can lure roughly 16 million users within its first year, with 5% monetizable users. Buy Digital World Acquisition Group (NASDAQ: DWAC) stock on Etoro now! Digital World Acquisition Group (DWAC) can be purchased on any popular brokerage including Robinhood, Fidelity, Vanguard, WeBull, TD Ameritrade, and others. Thats pretty high for a brand-new venture whose operational capacity remains shrouded in uncertainty. Investing is a personal decision what is good for you may not be good for another investor and vice versa. Get the inside scoop on what traders are talking about delivered daily to your inbox. App Store on Monday, February 21. With former President of the United States Donald Trump leading the production of this platform, it will have all of the star power, media attention, and funding to allow it to compete with the likes of Facebook, Twitter. It's a high-risk investment and will likely continue to see volatile trading in the near term. (EDITOR'S NOTE: COMPOSITE IMAGE) Trump Plaza Hotel & Casino is imploded in Atlantic City, New [+] Jersey, U.S., on Wednesday, Feb. 17, 2021. Therefore, it would be safe to assume that its IPO opening price could range from $15 $85. Just like Undervalued Stocks, this new social media company founded by Donald Trump could be an enormously profitable investment center. Photographer: Angus Mordant/Bloomberg, PwC Cloud and Digital Transformation BrandVoice, 4 Steps To Help Your Kids Build Smart Money Habits, How To Earn Cash Rewards For Everyday Spending. Truth Socials version of Mastodon removes polls and visibility options, while Mastodon requires any derivative source code to be publicly available. 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. It is a great question to ask because this social media platform could be an enormously profitable investment center. 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. this new social media company founded by Donald Trump could be an enormously profitable investment center. However, there is no easy answer as to whether or not buying Truth Social is a smart investment for you. One of, if not the most important chart in it, is the last one showing revenue projections from 2022 to 2026. So, you cant buy stock in Truth Social, but youre determined to buy equity in another social media company. DWAC shares slumped as much as 11% Monday after Reuters reported two execs at Trump's Truth Social app have left. TMTG is likely to offer several alternatives for social networks and the mainstream media, which Trump labeled as fake news during his tenure. 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. There are two types of orders you can place to buy Truth Social (or DWAC) shares: market orders and limit orders. Heres Where To Invest. Up 17% In A Month, Will UnitedHealth Stock Continue To See Higher Levels? 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. Digital World Acquisition was an obvious entry in the list, as its the SPAC behind Truth Social. The incredible recent performance of DWACs stock has caught the attention of investors. The Truth Social app has reportedly seen a slide in downloads since its launch in February. 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. But, before you commit to buying a bag its worth noting that several experts have warned of the risks of investing in DWAC. Meanwhile, you can buy the stock of Digital World Acquisition Corp. (NASDAQ: DWAC). Nevertheless, there are plenty of regulatory hurdles to consider with the arrangement, making it a relatively risky yet rewarding play. 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. We use cookies to ensure that we give you the best experience on our website. We explore this question of buying Truth Social Stock below. At the moment, DWAC has seen nearly 70% year-to-date growth. The initial popularity of the app opens the door for investors to looks for additional stocks to buy to capitalize on Truth Social. 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. On the Apple App Store TRUTH Social has fallen from number 19 to number 33 in the Social Networking category over the past few weeks. Cruise Stocks Sink After Carnival Announces $1 Billion Share Sale, Global Population To Hit 8 Billion This November. 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. It lies between Talkatone: WiFi Text & Calls and Messenger Kids. ". I am going to stay on Truth," Trump told Fox News. Truth Social might flourish, yet if TMTG+ does not reach expectations, it is not unreasonable to think that TMTGs stock might flounder. Monday was a good day for Elon Musk, but not for former President Donald Trump. We explore this question of buying Truth Social Stock below. Whats Behind Arrow Electronics Stocks 1.7x Rise Since Late 2018? 2022 Forbes Media LLC. 2022 InvestorPlace Media, LLC. Moreover, it boasts spectacular growth numbers across its top and bottom lines, along with healthy free cash flow growth. It was trading at around $72 per share on March 24. Moreover, you can also access research, analyst ratings, and other key information about DWAC via your account. We can use the IPO opening price of similar social media companies to get a range of what to expect for a price when the company does go public. On December 6 Digital World Acquisition Corporation or DWAC, the SPAC that is merging with President Trumps newly formed media company, included an investor presentation in an SEC filing (scroll the bottom of the filing). In addition to buying individual stocks like DWAC, you can invest in bonds, mutual funds, exchange-traded funds, and other investments using eToro trading platform. The likes off Facebook, Twitter, Zoom and Slack are all trading publicly meaning you can buy shares today, and continue to diversify your portfolio. CF Acquisition VI is the SPAC that will take the up-and-coming video streaming specialist Rumble public later this year. 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. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. While Truth Social is currently Trump Medias most visible property, the social media app looks unlikely to be the companys main economic driver in the longer term. They plan to enter a range of sectors to challenge the supremacy of some of the biggest companies in the world. This is typical for any startup creating a new app that is targeting millions of users. 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.. It provides an alternative in the media landscape that several content creators perceive as partisan. If you are interested in investing in Truth Social, the most straightforward way is to buy shares of the company through eToro platform. 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. 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. From the latest weeks data it shows that downloads have fallen 97% from the initial burst the first week. That percentage is likely to ramp up quickly by 2026, with an estimated 21% bump. How much will Tesla shares be worth in 10 years time. 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. This platform has promised to differentiate itself from other popular social media outlets by devoting itself to offering an open, free, and honest global conversation without discriminating against political ideology., This social media platform will be set up similarly to the Twitter layout. 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. The graph also shows how much total revenue these would generate. Unless downloads can pick back up the number of downloads for 2022 will be far short of the 16 million projected. Gettr and Parler are popular examples of this. The shares later pared the decline to 11%. But Trump sort of gave Truth Social a vote of confidence: Despite Twitter's agreement to sell to Musk and let him take the company private, Trump said he, "I am not going on Twitter. Truth Social has not filed for an IPO, as they are owned by a parent company. 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 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. Of course, the world gratefully gobbled up these gems of wisdom. In fact, he once sent out 200 tweets and retweets in a single day. 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 you want to buy the stock for Trump Media & Technology Group, then I must inform you that the company has not been listed on any stock exchange yet. The big picture: Truth Social, Trump Media & Technology Group's flagship social media network, has gotten off to a rocky start amid tech snafus, long wait times to sign up and a lack of use by Trump himself. 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. 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. This platform has promised to differentiate itself from other popular social media outlets by devoting itself to offering an open, free, and honest global conversation without discriminating against political ideology. With former President of the United States Donald Trump leading the production of this platform, it will have all of the star power, media attention, and funding to allow it to compete with the likes of Facebook, Twitter, Instagram, and even Twitch. After a burst of downloads the number of them has dropped dramatically. Within hours of Truth Socials announcement last year, it was hacked. 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. All rights reserved. With the new platform, Trump plans to stand up to the tyranny of Big Tech. Moreover, several Trump stocks stand to benefit from the launch of Truth Social. Truth Social is owned by Digital World Acquisition Corporation. I'm an avid investor and love hunting for opportunities to improve the return on my investments. Initially, there were 25 million units available for purchase that were priced at $10 each. These early users who registered accounts trolled the site by creating parody accounts and other comedic content before the link was eventually taken down. Exclusive content will key in taking the platform to the next level, and it seems Rumble is progressing well in this department. Just like Undervalued Stocks, this new social media company founded by Donald Trump could be an enormously profitable investment center. Still, for now at least, DWAC is shrouded in too much uncertainty to make its stock a solid investment. Of course, there is always another side to the coin and should the SEC approve the merger, DWACs stock would likely spike. If IPOs interest you, check out our list of theBest Potential IPOs. Sensor Tower monitors various metrics of mobile apps and has been tracking TRUTH Social from its launch. As of March 3, 2022, Digital Worlds shares are trading at around $75. 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. "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. That said, the apps launch was not without teething problems there were widespread reports of users struggling to complete registration, or being placed on a 100,000-long user waitlist. But while it is might not be possible to purchase stock directly, this doesnt make investing in Truth Social or Trump Media an impossibility. All rights reserved. Since DWAC is a special purpose acquisition comapny, its share price will largely be dictated by the performance of Trump Media. Truth Social is a new social media platform that is being spearheaded by former President Donald Trump.