DWAC Stock: Still Highly Speculative (NASDAQ:DWAC)

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This article was prepared by Jenny.T in collaboration with JR Research.

Investment Thesis

In October 2021, Digital World Acquisition Corp. (DWAC) announced its merger with former President Trump’s media company, Trump Media & Technology Group. The company plans to launch its new social media platform, Truth Social, by February 2022, to compete with Big Tech companies such as Facebook and Twitter. The Capital Riot in January 2021 led to former President Trump’s account suspension from the respective Big Tech companies, which has been described by many as “a tyranny of Big Tech.” As a result, Truth Social aims to be the alternative social media for conservatives within the US, to cancel “cancel culture” in the media industry.

We discuss whether investors should add DWAC stock now.

The Motivation Behind The Truth Social And TMTG+

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