DWAC - Currently dropping the ball - Bankrupt?

[ChicagoFats]

Pre-order now with beta testing next month and full release in spring.

About damn time!

 

[Emma tenywa]

Hope the company doesn't get slapped with lawsuits while still in its baby steps

 

[TheRealJohnCooper]

How long before it is under criminal investigation…

 

[jkbone]

Regulation by the monopolies/Nazis will make sure this never gets going.

 

[ChicagoFats]

I don't know. I think he will have a large following and a built in user base. People were itching for somewhere to go when all the censorship started.

 

[BigBucnNole]

Trump likely licensed himself to it and some other bullshit seller is putting together a low rent version of Parlor.

Wake me when a real company comes along.

 

[ChicagoFats]

Trump likely licensed himself to it and some other bullshit seller is putting together a low rent version of Parlor.

Wake me when a real company comes along.

I don't know. There is high demand for competition to tweeter. He will immediately have millions of followers. Right out of the gate Truth will have the worlds greatest internet troll posting, uncensored, on their site.

 

[CDDP]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[PawPower1981]

Regulation by the monopolies/Nazis will make sure this never gets going.

I’m sure Trump has worked this part out. It’s gonna be awesome

 

[ChicagoFats]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Just bought a few shares. No idea if its a good investment or not, going oto have to look a little further into it. Intially valued at $1.7 billion. Not sure what the currently price of $47 in the SPAC represents as far as market value. Looking into it

 

[ChicagoFats]

I’m sure Trump has worked this part out. It’s gonna be awesome

Im curious what his first "Truth" will be. Hopefully he has a good one lined up.

 

[LVRebel]

Just bought a few shares. No idea if its a good investment or not, going oto have to look a little further into it. Intially valued at $1.7 billion. Not sure what the currently price of $47 in the SPAC represents as far as market value. Looking into it

Please follow up if you get more data. I may throw a few bucks at it too.

 

[ChicagoFats]

Please follow up if you get more data. I may throw a few bucks at it too.

Yeah, its currently being valued at $1.7B at a price of $46 / share.

For comparison, Twtr has a market value of $52 billion.

If they do it right I could see them being successful and taking some market share from Twitter. He has a huge base and I wonder if this will be his microphone while campaiging. Will this be problematic in his run for presidency (meaning election laws)?

 

[America 1st]

Yeah, its currently being valued at $1.7B at a price of $46 / share.

For comparison, Twtr has a market value of $52 billion.

If they do it right I could see them being successful and taking some market share from Twitter. He has a huge base and I wonder if this will be his microphone while campaiging. Will this be problematic in his run for presidency?

It’s at 65.55 a share right now.

Compare to Twitter face value at 65.40.

Spoiler

 

[ChicagoFats]

Trump is taking his company public through a SPAC (Special Purpose Acquisition Company) in order to bypass the IPO process (more on that later).





The company was initally valued around $830mm and you can see it closed yesterday with a market cap of $1.47B.

$1.47B seems pretty cheap when compared to Facebook, Twitter et al. Im not saying TRUTH will become anywhere near as popular as those products, but if its even remotely competitive it could pick up market value quickly.

Lets face it, Trump is Yugely popular. There are 85mm people that voted for him and many of them will follow him to Truth, so right out of the gates there will be a large user base.

The question to me is can Trump build a respectable product that is rich in features and easy to use? And my answer is, yes, i think he can. Like him or not his Hotels are very nice and people like to stay there. He puts out good products and I think he will put together a good product in Truth. The guy who produces shows like Deal or no Deal, and a couple other popular ones im drawing a blank on is running the company. They will have polished products.

So I don't know what the value should be, but I see tremendous upside here. I bought a little yesterday and may buy a little more today. One thing we have to pay attention to is that this is a SPAC and not an equity. There may be rules that need to be followed including sending in paperwork etc. I will look more into it.


What do you guys think, can Trump build a competitor to the Commie news out there today? Or will they conspire to sabatage and hold him down?

 

[9Mounties07]

You mistyped 85+million

 

[ChicagoFats]

You mistyped 85+million

Fixed it.

 

[9Mounties07]

Fixed it.

Thanks. Afterall, we want to be transparent and accurate. Trust the Science.

 

[ChicagoFats]

Keeps climbing. This thing could get up to a $10b market cap rather quick.

 

[shiv]

Looks like they are using a software called Mastadon. I have come across it in the last couple years. It’s kind of like Twitter but it’s open source

So they won’t be going in cold. This is something that has been working and used

 

[ChicagoFats]

Looks like they are using a software called Mastadon. I have come across it in the last couple years. It’s kind of like Twitter but it’s open source

So they won’t be going in cold. This is something that has been working and used

So Mastadon is the skelton and you can build on top of it? Or whats a better analogy?

 

[ChicagoFats]

Trump media SPAC stock doubles, bringing 2-day gains to 800% in retail-trading frenzy

Trump-linked Digital World Acquisition Corp. soared Friday following a massive rally in the previous session.

www.cnbc.com

 

[ChicagoFats]

Paused for trading limit up at $130 a share.

Anyone want to make some money with me?

 

[CDDP]

What is Trump's ownership stake in the company? What percentage of shares does own?

 

[ChicagoFats]

What is Trump's ownership stake in the company? What percentage of shares does own?

I dont know but he does have equity in the comany i believe.

@croot_lord

I think phunware is the software behind the business

MSN

 

[ChicagoFats]

Tweeter feeling a little pain

 

[ChicagoFats]

What is Trump's ownership stake in the company? What percentage of shares does own?

I believe he has equity AND escalator clauses. If the company does better he gets more ownership. Its not exactly clear yet from what i can find.

 

[CDDP]

The company is now worth over $5.6 billion

 

[ChicagoFats]

Stock opened back up afor a couple minutes and is not trading limit up again at $157

 

[Sikness23245]

Looks like they are using a software called Mastadon. I have come across it in the last couple years. It’s kind of like Twitter but it’s open source

So they won’t be going in cold. This is something that has been working and used

Aaaand they're already going after him.

Trump's Social Media Platform Could Already Face Legal Issues, After Allegedly Ripping Off Code

The Don has released a beta of his new social media platform and, predictably, it's a knock-off version of an already existing platform.

gizmodo.com

 

[Rusty Student]

Stock opened back up afor a couple minutes and is not trading limit up again at $157

Do you think it's still a good buy?

 

[ChicagoFats]

Do you think it's still a good buy?

I think it will trade cheaper than the $122 its trading right now.

If it gets back down to the $75 range I am a buyer. I think long term it will be worth more than $2-$3B.

Trump wouldn't put his name on it if it wasn't going to be a good product. He is bringing on experienced people to run the company. It will be a legitimate contender. I think the appetite for competition to twitter and big tech dominance is YUGE so it will give them a boost from the beginning. They have a decent shot at being a huge new media company imo. Nothing is guaranteed, you know he will be facing litigation at every turn and probably some opposition from the deep state etc.

 

[shiv]

Aaaand they're already going after him.

Trump's Social Media Platform Could Already Face Legal Issues, After Allegedly Ripping Off Code

The Don has released a beta of his new social media platform and, predictably, it's a knock-off version of an already existing platform.

gizmodo.com

They are dumbasses. This is a smart move by Trump and his team to leverage something that is functional and has been proven out already. Basically the Mastadon software just needs to prove its scalable and have some aesthetic upgrades and they are in serious business

 

[ChicagoFats]

Trading back down around $85. Im looking to get back in around $75

 

[ChicagoFats]

They are dumbasses. This is a smart move by Trump and his team to leverage something that is functional and has been proven out already. Basically the Mastadon software just needs to prove its scalable and have some aesthetic upgrades and they are in serious business

So is it Mastadon or phunware or are they one and the same?

 

[shiv]

So is it Mastadon or phunware or are they one and the same?

I look into it more. All I saw was the term Mastadon

 

[Rusty Student]

Trading halted but under $70

 

[ChicagoFats]

I look into it more. All I saw was the term Mastadon

Phunware is a SPAC trading that is getting all the action. Might be a good pick up. PHUN. I don't know as much about that one.

 

[ChicagoFats]

Trading halted but under $70

I picked up a couple hundred for $75

 

[Rusty Student]

I picked up a couple hundred for $75

I'm officially in at $69.69