After it took some of the market capitalizations of both Twitter and Facebook: now Trump media is facing a real opponent: Elon Musk. one of the most admired men in the planet.
Musk transformed TSLA into a cult, the first meme stock, before meme stocks were cool. And it looks like the only one who can save Twitter too. In which he bought a 9.2% stake, worth 3Bil.
In this situation, considering also Trump`s appreciation for Putin and that the US should leave NATO, i think its SPAC won`t get too much sympathy in the near future.
In fact, i even expect a retracement to the 23.50 support. and you know that i am not bias when it comes to the stock market. i was the first calling the 150 price target for DWAC (it reached $175):
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