Tuesday, February 22, 2022

A company called Digital World Acquisition Corp (DWAC) went public in September 2021 at $10 per share. Then in October they agreed to merge with Trump Media and Technology Group (TMTG). The stock price then rose to $90 where it stands today. This is in anticipation of Trumps new social media site called Truth Social. It has just opened and the response is overwhelming. People trying to sign on are asked to wait until the system can catch up. Trump had 90 million viewers on social media but he was shut down so he is now trying to start up a new site. He will have to compete with giants like Facebook and twitter. Time will tell how this works out but if he is as successful as Fox News he will have a formidable platform.

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