Tump`s TRUTH Social to compete with Twitter and Facebook

Donald Trump announced yesterday the creation of the Trump Media & Technology Group (TMTG) which will develop and launch a new social network!

Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.

The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.

Truth Social is aiming for a beta launch in November.

TRUTH Social will be a competitor to Twitter and Facebook.

TMTG+ will compete with Netflix and Disney+.

TMTG news will compete with CNN and iHeart Radio.

They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).

Could this be the new Twitter/Facebook platform? we know Trump is in war with them!

Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers.
if every one of them buys DWAC, the SPAC with which TMTG will merge, for only 100usd, the mk cap will be 9Bil. now the Market Cap of DWAC is 1.635B. So still a 5.5X upside.

The irony is that the same hedge funds that sponsored the campaigns of Hillary and Biden, now invested in Trump`s SPAC. :)

Investing right now could be like planting the seeds in Facebook back then.

My extremely speculative valuation is half the market cap of Twitter by year`s end, so considering half of Twitter`s mk cap and 1.7Bil valuation for TMTG at 10usd results 150usd price target!

We bought DWAC at 12.84usd in our trading group.

I look forward to read your opinion about this!