Thinking that Truth Social will take some market capitalization from Twitter and Facebook:
But since Elon Musk wants and most likely Will buy Twitter and enable true free speech on the platform, where Donald Trump won`t get banned that easily, then what is the purpose of DWAC (Truth Social and the rest) anyways??? Ok, let`s say it`s a republican new media platform, but then how you justify the approx. 10 Bil market capitalization at the current price, after the merger???
To be honest, i think this stock could easily go to the $23.50 support and even lower than $10, like most of the SPACs, if they don`t deliver great news for the shareholders.
Since the Musk takeover of Twitter, DWAC has already retraced significantly:
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