Just when you thought you’d seen it all this year, President Donald Trump’s new media company, Trump Media & Technology Group (TMTG), is merging with Digital World Acquisition Corp. (DWAC). The company will be branching off in several directions and intends to challenge popular social media platforms and streaming services like Twitter, Amazon, Netflix, and Disney.
The new social media platform will be called Truth Social. DWAC skyrocketed well over 1000% in the last few days on news of this merger. It’s gone from $10/share on Wednesday to $175 on Friday. Trading was halted several times due to the volatility! It reminded us all of the GameStop explosion earlier this year!
After several halts in trading on Friday, I was finally able to trade DWAC, and with a small size I booked a very nice profit. Please watch the recap Brian, Jarad, and I posted here.
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