If Truth Social has a successful launch next year then there is no reason why the stock prices shouldn’t go up. If the launch has problems - and there are tens of thousands of anti-Trumpers who are determined to sabotage it - then the stock can tank. Hopefully the monitors will be in place for the launch and the zot button ready and waiting.
Harassing hordes of "Redditors" organizing and gaming the security a la GameStop (GME) would be a credible scenario. I do tend more toward the thought that "real investors" versed in the market will see through the "meme" hyping of any specific security, and sustain it -- or not -- basis real world, underlying fundamentals rooted in company balance sheets. On that score, I think downside risk is low; there's a good floor at the security's recent trading range.
Also, having mentioned GameStop, the "meme stock" continues to trade over $200 even though real world analysis of traditional balance sheet indicators only supports a price point someplace between $40 and $70. The takeaway, as I see it, is that "meme mob" interference created volume and a psychologically-based perception of value that the balance sheet sustained with its hard numbers. Against the argument that such interference could as easily kill a stock as amp it I'm willing to bet that the human bent toward making money prevails; if DWAC gets the meme treatment, it will be the rare specimen among them whose political zeal will see them buying high and selling low in the face of upward fundamental pressures on the security.
Yes, of course this is all speculative, and we will definitely be forced to wait and see, but I think I have a decent basis for some good hope in future gains.