Posted on 10/27/2021 4:33:55 PM PDT by Presbyterian Reporter
Republican Rep. Marjorie Taylor Greene on Friday invested up to $50,000 in the SPAC stock linked to Donald Trump's planned social media platform. According to a public disclosure, Greene said she purchased a stake in Digital World Acquisition Corp., or DWAC, late last week. DWAC, which is a special purpose acquisition company, last week said it would merge with Trump's planned new social media company.
Rep. Marjorie Taylor Greene has invested up to $50,000 in the SPAC stock linked to former President Donald Trump's planned social media platform.
According to a public disclosure, Greene purchased a stake in Digital World Acquisition Corp., or DWAC, on Friday. The stake is worth at least $15,000 but no more than $50,000.
DWAC, which is a special purpose acquisition company, last week said it would merge with Trump's planned new social media company the Trump Media & Technology Group.
That triggered a buying mania among retail investors in DWAC shares over two days last week, which drove the stock up more than 800%. The SPAC was at one point the most traded name on Fidelity's platform, and the ticker DWAC has been among the most mentioned on Reddit's WallStreetBets chatroom.
(Excerpt) Read more at msn.com ...
Used car prices have gone crazy for sure.
I used to be able to buy some decent wheels for 3500 bucks.
A lot of those are double that now.
This is worse than Cash for Clunkers under Caliph Baraq.
CNBC seems to imply that MTG did something wrong? Seems to me she speculated after a merger announcement was made?
I waited too long as well but holding on to mine.
so?
So she lost money so far. They are trying to make a big deal out of nothing.
I bought DWAC too, but apparently MTG paid a LOT more. Hopefully we, and President Trump, can do very well on it in the long run.
I bought some at 23 a share last week. It went up bigly but then went down some. I still have profit but the profit is a little less than half of what it was last week.
Can’t complain, I more than doubled my money. Hope more people buy in and get the thing roaring again.
Want to talk about Pelosis investments? Personally MTG is investing in her Freedom of Speech, since she’s censored everywhere else.
Been there.
Been there.
Greene bought her DWAC shares on 22 October.
The price per share range on 22 October was $65-$175.
Three trading days later, in after hours trading, DWAC closed at $68.
At best, Greene is positive by $3 a share.
At worst, Greene is negative by $107 a share, which would be a 60% loss in three days.
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