Short

If Elon redefines Twitter, what`s the purpose of DWAC anyways ??

I first bough DWAC at $12:
Tump`s TRUTH Social to compete with Twitter and Facebook


Thinking that Truth Social will take some market capitalization from Twitter and Facebook:
TRUTH Social vs Facebook Vs Twiter Market Cap


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:
DWAC Donald Trump vs Elon Musk




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