Posted on 10/21/2021 4:43:17 PM PDT by Presbyterian Reporter
It would appear there is a great deal of interest in the newly announced Trump Media and Technology Group as shares for the special media acquisition company, DWAC, the firm merging with Trump to lead the fundraising have skyrocketed after the announcement.
Beginning the day around $10/share, the value of DWAC jumped to a session high $51/share, as more than 412 million shares have been traded. Buy orders outpace sell orders by 3 to 1. [Current CNBC ticker here] DWAC is by far the most active stock as MAGA retail investors climb on board the opportunity to challenge Big Tech with Trump social media. They even tried numerous times to stop trading…. but the people kept coming, and coming, and coming….
Digital World Acquisition was the single most actively traded stock on the Fidelity platform Thursday, and was by far the most traded name on the consolidated tape of New York Stock Exchange and Nasdaq listings.
Buy orders for DWAC — a so-called special purpose acquisition company set up to raise capital in the public markets to purchase private firms — outnumbered sell orders by nearly 3-to-1 on Fidelity’s platform. By afternoon trading, more than 360 million shares of DWAC had already changed hands, according to FactSet.
Such as this one:
"""Importantly, this is much more than “a chat room.” It will also include subscription-based on-demand television. This means that if you are a content producer you can market your wares without censorship, and without advertising – therefore any dependency on advertising brokers which might not be aligned with your business interests. Your share of the revenue is paid to you quickly and directly. That is huge.
There are a lot of things “very right” about this new venture – of course – and keen investor interest in it is very justified. Donald Trump, the businessman, has always been a very astute person who knows how to gather around him the people who can make a dream come true. He has certainly done so here.
He is also going straight for a large amount of market capitalization: more than adequate to allow the management team – which is imminently qualified – to pursue its objectives immediately. And plenty of chances for third-party investors to make money from going along for the ride. “This is not just MAGA. It’s much bigger and broader than that. And that’s critical.”
In this venture, I think you’re going to see, not only “President” Donald Trump, but also “astute businessman” Donald Trump. The guy who has a personal net worth which starts with the letter “B”,” and who earned it.""""
More good news.
Guaranteed, within 6 months the SEC is investigating Trump
Up over 50% higher in after market trading.
Did Nancy buy some ,LOL
Love the name of the new media that’s going to put the deep hurt to Twitter and Fake News.
It’s called TRUTH social.
And it echoes George Orwell, “Speaking the truth in times of universal deceit is a revolutionary act.”
“””Now this is something to invest in. I don’t even care about making money so long as what is built remains sustainable and viable. I feel I would get far more value for my dollar investing in Trumps media company then any donation to a politician will get me.””””
The above is another comment on CTH. Those are my sentiments as well.
Smart plan. Purchase existing infrastructure. Not a start up.
fantastic. shares hit $74 after hours. big volume for after hours as well.
I went to the website and put myself on the waiting list.
At 45 bucks a share it has a market cap of 1.6 billion
I saw the power point slides with the plan
Going to directly compete with
Twitter: market cap 56 billion
Facebook market cap 965 billion
Launch a streaming service to compete with
Netflix market cap 650 billion
Long term go after cloud services Of Amazon and google
Again market cap at close is only 1.6 billion
Of note is that there isn’t anything about YouTube in the info
Rumble has been displaying Trump juniors video all day on the front page and the demo on the new website about the app is a rumble embed
So I have a feeling they may partner with rumble or buy them
Bkmrk
Seems I didn't. Expecting 100 tomorrow.
Trump should buy DatChat, and incredible, 100% secure, non-trackable, deletable, chat that is making huge waves.
Probably taken over by porn producers and left wingers…
It’s not a secret, anyone can view the TMTG Company Overview in their browser here:
https://tmtgcorp.com/company-overview
Or click to download a pdf copy.
I got in at 23 this morning and doubled my money in three hours.
so that is where all the bitcoin money went this morning...
Me, too.
Nice. On a lark I bought some shares at the open. Got lucky. Risky buying market order at open. I plan on keeping it no matter what it does. Just wish I had bought more.
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