This Is The Ultimate Donald Trump Stock: Is DWAC A Buy Ahead Of Key Merger Vote?

Donald Trump is one of the world’s most famous businessmen, but his companies have usually been privately held. Now investors have the chance to throw their lot in with the former president of the United States through Digital World Acquisition (DWAC). But Truth Social has a tough task as it competes with X, owned by Tesla (TSLA) CEO Elon Musk. However Trump proved his enduring popularity by squishing his rivals to become the presumptive Republican Party presidential nominee, so is DWAC a buy now? Read on to find out.

X

The special purpose acquisition company (SPAC) is being used as a vehicle to take the Trump Media & Technology Group public. If the merger is approved, it will adopt that name and trade on the Nasdaq under the ticker “DJT.”

Trump has boasted that he will offer a “Big Tent” platform as he attempts to take on technology giants such as X, formerly Twitter, and Facebook parent Meta Platforms (META). But it remains to be seen whether this is enough to make the ultimate Donald Trump stock a buy now.

Donald Trump On DWAC

Digital World Acquisition is to serve as a vehicle to take the Trump Media & Technology Group public via a merger.

Trump Media’s main product at the moment is Truth Social, a platform touted as an alternative to Twitter. It is now available on Apple and Android devices.

In an investor presentation, the firm said it expects Truth Social average revenue per user can grow to $13.50 by 2026. It also expects to have 81 million users by then.

It also guided for 40 million TMTG+ subscribers by 2026. The average monthly fee per user is seen hitting $9 that year.

Trump, who was struggling to reach his audience via social media following the Jan. 6 Capitol riot, unveiled his vision for the company in October 2021.

“Unlike with the Big Tech platforms, there will be no shadow-banning, throttling, demonetizing, or messing with algorithms for political manipulation,” Trump said in a statement. “We will not be treating users like lab rats for social experiments, or labeling alternative views as ‘disinformation.'”

DWAC Merger Vote Finally Set…

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