SPAC linked to President Trump’s ‘Truth Social’ venture is the best performing SPAC stock ever

MacDailyNews ^ | January 24, 2022

[House Atreides]

Shares of the blank-check special purpose acquisition company (SPAC) that agreed to merge with former U.S. President Donald Trump’s “Truth Social” venture have outperformed all other SPACs ever…. …

…MacDailyNews Note: Apple’s App Store currently hosts a preorder page for the TRUTH Social app which states, verbatim:

TRUTH Social is America’s “Big Tent” social media platform that encourages an open, free, and honest global conversation without discriminating against political ideology

Follow the TRUTH!

What exactly is TRUTH Social’s “Big Tent” approach?

Big Tent is a new way to describe “inclusivity” in America. Think of a giant outdoor event tent at your best friend’s wedding. Who’s there? The combination of multiple families from all over the United States, and the world. Uncle Jim from Atlanta is a proud libertarian. Aunt Kellie from Texas is a staunch conservative. Your cousin John from California is a die-hard liberal. And guess what? They’re all together to have an amazing time and share their viewpoints of the world. Although we don’t always agree with each other, we welcome these varied opinions and welcome the conversation.

Let your voice be heard. Sign up, join the conversation, and share your unique opinion by posting a TRUTH, Re-TRUTH, photo, news story, or video link to communicate with your friends, customers, and the world. Stay informed about breaking news while staying directly connected with the people who influence you – don’t be shocked if they take your TRUTH viral!… …

[House Atreides]

Some good news to read before the Russian invading forces storm the beaches at the Jersey Shore, Long Island and along the Red Neck Riviera.

[Theoria]

[stars & stripes forever]

Good for those who managed to buy low and sell high. The rest of us hope the prices goes higher than what we bought it for 😀

[Safrguns]

I wonder what happens to Trump’s brand new media platform when it instantly fills up with anti-vax content?

Will he notice?

[Poison Pill]

Aunt Kellie from Texas is a staunch conservative. Your cousin John from California is a die-hard liberal. And guess what? They’re all together to have an amazing time and share their viewpoints of the world.

Riiiiight. Liberals are all going to flock to a Trump site. Free Beer Tomorrow!

[montag813]

It fell to 60 yesterday. Great buying opp.

[FormerFRLurker]

So when is Truth going to be up and running?

[House Atreides]

Don’t know. But I’m sure that people won’t be banned simply because they’re deranged.

[bigbob]

That gives it a $13 billion valuation, well within striking distance of an acquisition of Fox News Media, or the entire Fox Corp. with $12.3 billion in revenue and right at $1 billion in net income. Media acquisition have only been commanding multiples of 2 to 4 times earnings, but it would doubtless take more than that to buy out the Murdocks.

I’d fire everyone from Jesse Waters on up, starting with Hannity.

[StAnDeliver]

How is this necessarily "good news" without knowing the intent of ALL of DWAC's institutional investors? One of the early investors (nearly 10%) was Boaz Weinstein, who since sold out.

"Another investor, Boaz Weinstein, whose wife lost the primary to become the Democratic nominee for Manhattan District Attorney earlier this year, told reporters he got rid of the unrestricted shares that his Saba Capital controlled—spinning it as a righteous divestment.”

This is surely not the only Trojan Horse who held/holds DWAC.

[stars & stripes forever]

Digital World Acquisition Corp. (DWAC)

70.51+3.30 (+4.91%)
As of 10:26AM EST. Market open.

[JimRed]

...Red Neck Riviera.

Where is that? Floribama maybe?

[House Atreides]

Yep, that’s the area. Love it.