OMPANIES Trading in Trump Social Media Stock Surges 200 Percent, Is Halted Several Times
Oct 23, 2021 11:23:14 #
President Donald Trump is a thinker. He never losses, cause he is a great deal maker. This is one of the most important tasks on having successful business endeavor. In dealing with business, it is important to allow both parties to be on the winning side. And not monopoly of the other.
I am going to buy Trumps stocks, the Digital World Acquisition Corp. (DWAC). I think this will surge just like how Microsoft and Apple started. This will counter the monopoly of Facebook, and Twitter who allow the Muslim radicals in Iran, and elsewhere, but prevent Conservatives to enter into their system.
Now, how will FB, Twitter, Google (Alphabet) think about that? They better guard their own.
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Trading in Trump Social Media Stock Surges 200 Percent, Is Halted Several Times
BY JACK PHILLIPS October 22, 2021 Updated: October 22, 2021
Shares of former President Donald Trump’s Digital World Acquisition Corp., a blank-check firm that is taking his proposed social media platform public, spiked on Friday after a huge rally the day before.
Trading in Digital World Acquisition Corp. (DWAC) was halted on Friday due to volatility several times during Friday morning trading after it skyrocketed 216 percent at one point. On Thursday, the stock surged over 300 percent to close at $35.54 with significant trading volume and volatility.
There is speculation that small retail investors may be behind DWAC’s surge, as the stock trended all day on Twitter and was heavily referenced on the WallStreetBets sub-Reddit, the same forum that was mostly behind the meteoric spike in so-called “meme stocks” including GameStop and AMC earlier this year.
On Friday morning, several top posts on the WallStreetBets referenced DWAC, Trump, and the former president’s border wall.
“Thank you Donald Trump, [DWAC] 17k profit yerterday [sic],” one user wrote.
DWAC was the most actively traded stock Thursday on the Fidelity platform and continued to be the top-traded stock on Friday. More than 11 million shares were traded on Thursday, up from about 3,800 trades on Wednesday.
The new firm has stated that its “mission is to create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America.”
The former president also announced he would launch a social media platform, known as Truth Social, coming after Facebook, Twitter, and Google suspended Trump’s accounts in early January. The company is also going public via a special purpose acquisition company (SPAC) merger with DWAC.
“In the year 2021, the media pendulum has swung dangerously far to the left,” Truth Social’s About page reads. “Silicon Valley, the mainstream media, and Big Tech have begun to forcibly silence voices that do not align with their woke ideology.”
It adds: “They control the future. They control you. To counter this dangerous exercise of Big Tech monopoly power.”
Former close Trump adviser Jason Miller has started his own social media platform, GETTR. In response to Trump’s announcement, Miller said Wednesday that they couldn’t come to an agreement.
“Trump has always been a great deal-maker, but we just couldn’t come to terms on a deal,” he told several media outlets in a statement, congratulating Trump on the launch of the platform.
The former commander-in-chief, meanwhile, has often blamed Section 230 of the 1996 Communications Decency Act for what he said has given social media companies the ability to regulate content posted on their platforms. Those firms, he and others have argued, are biased against conservatives and others with viewpoints outside the mainstream.
BY JACK PHILLIPS October 22, 2021 Updated: October 22, 2021
Shares of former President Donald Trump’s Digital World Acquisition Corp., a blank-check firm that is taking his proposed social media platform public, spiked on Friday after a huge rally the day before.
Trading in Digital World Acquisition Corp. (DWAC) was halted on Friday due to volatility several times during Friday morning trading after it skyrocketed 216 percent at one point. On Thursday, the stock surged over 300 percent to close at $35.54 with significant trading volume and volatility.
There is speculation that small retail investors may be behind DWAC’s surge, as the stock trended all day on Twitter and was heavily referenced on the WallStreetBets sub-Reddit, the same forum that was mostly behind the meteoric spike in so-called “meme stocks” including GameStop and AMC earlier this year.
On Friday morning, several top posts on the WallStreetBets referenced DWAC, Trump, and the former president’s border wall.
“Thank you Donald Trump, [DWAC] 17k profit yerterday [sic],” one user wrote.
DWAC was the most actively traded stock Thursday on the Fidelity platform and continued to be the top-traded stock on Friday. More than 11 million shares were traded on Thursday, up from about 3,800 trades on Wednesday.
The new firm has stated that its “mission is to create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America.”
The former president also announced he would launch a social media platform, known as Truth Social, coming after Facebook, Twitter, and Google suspended Trump’s accounts in early January. The company is also going public via a special purpose acquisition company (SPAC) merger with DWAC.
“In the year 2021, the media pendulum has swung dangerously far to the left,” Truth Social’s About page reads. “Silicon Valley, the mainstream media, and Big Tech have begun to forcibly silence voices that do not align with their woke ideology.”
It adds: “They control the future. They control you. To counter this dangerous exercise of Big Tech monopoly power.”
Former close Trump adviser Jason Miller has started his own social media platform, GETTR. In response to Trump’s announcement, Miller said Wednesday that they couldn’t come to an agreement.
“Trump has always been a great deal-maker, but we just couldn’t come to terms on a deal,” he told several media outlets in a statement, congratulating Trump on the launch of the platform.
The former commander-in-chief, meanwhile, has often blamed Section 230 of the 1996 Communications Decency Act for what he said has given social media companies the ability to regulate content posted on their platforms. Those firms, he and others have argued, are biased against conservatives and others with viewpoints outside the mainstream.
I am going to buy Trumps stocks, the Digital World Acquisition Corp. (DWAC). I think this will surge just like how Microsoft and Apple started. This will counter the monopoly of Facebook, and Twitter who allow the Muslim radicals in Iran, and elsewhere, but prevent Conservatives to enter into their system.
Now, how will FB, Twitter, Google (Alphabet) think about that? They better guard their own.
==================
Trading in Trump Social Media Stock Surges 200 Percent, Is Halted Several Times
BY JACK PHILLIPS October 22, 2021 Updated: October 22, 2021
Shares of former President Donald Trump’s Digital World Acquisition Corp., a blank-check firm that is taking his proposed social media platform public, spiked on Friday after a huge rally the day before.
Trading in Digital World Acquisition Corp. (DWAC) was halted on Friday due to volatility several times during Friday morning trading after it skyrocketed 216 percent at one point. On Thursday, the stock surged over 300 percent to close at $35.54 with significant trading volume and volatility.
There is speculation that small retail investors may be behind DWAC’s surge, as the stock trended all day on Twitter and was heavily referenced on the WallStreetBets sub-Reddit, the same forum that was mostly behind the meteoric spike in so-called “meme stocks” including GameStop and AMC earlier this year.
On Friday morning, several top posts on the WallStreetBets referenced DWAC, Trump, and the former president’s border wall.
“Thank you Donald Trump, [DWAC] 17k profit yerterday [sic],” one user wrote.
DWAC was the most actively traded stock Thursday on the Fidelity platform and continued to be the top-traded stock on Friday. More than 11 million shares were traded on Thursday, up from about 3,800 trades on Wednesday.
The new firm has stated that its “mission is to create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America.”
The former president also announced he would launch a social media platform, known as Truth Social, coming after Facebook, Twitter, and Google suspended Trump’s accounts in early January. The company is also going public via a special purpose acquisition company (SPAC) merger with DWAC.
“In the year 2021, the media pendulum has swung dangerously far to the left,” Truth Social’s About page reads. “Silicon Valley, the mainstream media, and Big Tech have begun to forcibly silence voices that do not align with their woke ideology.”
It adds: “They control the future. They control you. To counter this dangerous exercise of Big Tech monopoly power.”
Former close Trump adviser Jason Miller has started his own social media platform, GETTR. In response to Trump’s announcement, Miller said Wednesday that they couldn’t come to an agreement.
“Trump has always been a great deal-maker, but we just couldn’t come to terms on a deal,” he told several media outlets in a statement, congratulating Trump on the launch of the platform.
The former commander-in-chief, meanwhile, has often blamed Section 230 of the 1996 Communications Decency Act for what he said has given social media companies the ability to regulate content posted on their platforms. Those firms, he and others have argued, are biased against conservatives and others with viewpoints outside the mainstream.
BY JACK PHILLIPS October 22, 2021 Updated: October 22, 2021
Shares of former President Donald Trump’s Digital World Acquisition Corp., a blank-check firm that is taking his proposed social media platform public, spiked on Friday after a huge rally the day before.
Trading in Digital World Acquisition Corp. (DWAC) was halted on Friday due to volatility several times during Friday morning trading after it skyrocketed 216 percent at one point. On Thursday, the stock surged over 300 percent to close at $35.54 with significant trading volume and volatility.
There is speculation that small retail investors may be behind DWAC’s surge, as the stock trended all day on Twitter and was heavily referenced on the WallStreetBets sub-Reddit, the same forum that was mostly behind the meteoric spike in so-called “meme stocks” including GameStop and AMC earlier this year.
On Friday morning, several top posts on the WallStreetBets referenced DWAC, Trump, and the former president’s border wall.
“Thank you Donald Trump, [DWAC] 17k profit yerterday [sic],” one user wrote.
DWAC was the most actively traded stock Thursday on the Fidelity platform and continued to be the top-traded stock on Friday. More than 11 million shares were traded on Thursday, up from about 3,800 trades on Wednesday.
The new firm has stated that its “mission is to create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America.”
The former president also announced he would launch a social media platform, known as Truth Social, coming after Facebook, Twitter, and Google suspended Trump’s accounts in early January. The company is also going public via a special purpose acquisition company (SPAC) merger with DWAC.
“In the year 2021, the media pendulum has swung dangerously far to the left,” Truth Social’s About page reads. “Silicon Valley, the mainstream media, and Big Tech have begun to forcibly silence voices that do not align with their woke ideology.”
It adds: “They control the future. They control you. To counter this dangerous exercise of Big Tech monopoly power.”
Former close Trump adviser Jason Miller has started his own social media platform, GETTR. In response to Trump’s announcement, Miller said Wednesday that they couldn’t come to an agreement.
“Trump has always been a great deal-maker, but we just couldn’t come to terms on a deal,” he told several media outlets in a statement, congratulating Trump on the launch of the platform.
The former commander-in-chief, meanwhile, has often blamed Section 230 of the 1996 Communications Decency Act for what he said has given social media companies the ability to regulate content posted on their platforms. Those firms, he and others have argued, are biased against conservatives and others with viewpoints outside the mainstream.
Oct 23, 2021 11:37:16 #
Radiance3 wrote:
i President Donald Trump is a thinker. He never ... (show quote)
Trump has practically zero credit rating in the US. Safer to buy Afghanistan municipal bonds. 😂
Oct 23, 2021 12:20:05 #
Radiance3 wrote:
i President Donald Trump is a thinker. He never ... (show quote)
Couldn't tell if it was intentional or it was used to try and prove a point but the article is a repeat of itself. Most who deal in stocks usually stay away from stocks that are volatile. Unless the only real reason you want is money.
Oct 23, 2021 13:49:11 #
(quote=zombinis)Couldn't tell if it was intentional or it was used to try and prove a point but the article is a repeat of itself. Most who deal in stocks usually stay away from stocks that are volatile. Unless the only real reason you want is money.(/quote)
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Don't worry about it. I've done this so far.
But I don't know why they repeated like that. Whatever their intentions are, I think the the stocks have a promise to move up.
So, like Google, FB, Microsoft, and Apple, I bought years ago, I will try this Donald Trump stock, called DWAP (Digital World Acquisition Corp.) I am beginning to sell FB. It is fun. Ladies and gentlemen, please think about it. Tech stocks are great investments. Your 401k's are invested in stocks.
That is how they grow.
======================
Don't worry about it. I've done this so far.
But I don't know why they repeated like that. Whatever their intentions are, I think the the stocks have a promise to move up.
So, like Google, FB, Microsoft, and Apple, I bought years ago, I will try this Donald Trump stock, called DWAP (Digital World Acquisition Corp.) I am beginning to sell FB. It is fun. Ladies and gentlemen, please think about it. Tech stocks are great investments. Your 401k's are invested in stocks.
That is how they grow.
Oct 23, 2021 13:58:19 #
(quote=kemmer)Trump has practically zero credit rating in the US. Safer to buy Afghanistan municipal bonds. 😂(/quote)
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You don't know what you are talking about. Go and buy Muslim municipal bonds yourself.
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You don't know what you are talking about. Go and buy Muslim municipal bonds yourself.
Oct 23, 2021 14:07:30 #
Radiance3 wrote:
i President Donald Trump is a thinker. He never ... (show quote)
If for no other reason, helping the mission is a good base..~~” The new firm has stated that its “mission is to create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America.”
Looked it up too~~ News late Wednesday that the former president’s nascent media enterprise, Trump Media & Technology Group, is planning to go public via a special purpose acquisition company has sent retail investors into a frenzy, even with few details released. The stock gain drove the implied value of the new venture to more than $8.2 billion.
So far, retail investors have little concern. Shares of Digital World Acquisition Corp., the shell company merging with Trump’s new venture to take it public, closed Friday at $94.20 -- up from $9.96 before the deal was announced Wednesday. It’s also an increase of more than 800% from a $10 offering price that’s typically used in a SPAC merger agreement.
The press release said the new company would have an initial enterprise value of $875 million. Assuming that calculation used a $10 a share offering price and the $293 million Digital World has in trust, the SPAC’s owners will get about 42% of the combined company after accounting for shares the sponsor receives if a deal gets done.
That leaves 58% for Trump and any partners he has in Trump Media. That stake is worth nearly $4.8 billion, based on Digital World’s last price. The whole enterprise is being valued by the market at about $8.2 billion, compared with Twitter Inc.’s almost $50 billion equity valuation. <snip>
https://www.bloomberg.com/news/articles/2021-10-23/trump-s-tech-spac-could-make-him-billions-with-meme-stock-frenzy
Oct 23, 2021 14:13:02 #
lindajoy wrote:
If for no other reason, helping the mission is a g... (show quote)
I guess that’s good for Trump; he owes 100s of millions to the Deutsche Bank, due in a year or so.
Oct 23, 2021 14:41:22 #
kemmer wrote:
I guess that’s good for Trump; he owes 100s of millions to the Deutsche Bank, due in a year or so.
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Your ignorant mouth has nothing to prove that. Anybody who hates Trump, could falsely claim like that.
Biden uses the Federal Fund building security fence around his house. Where else does Biden steal? From the taxpayers to buy votes of the people, like kemmer's vote.
Oct 23, 2021 18:07:45 #
Radiance3 wrote:
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Your ignorant mouth has nothing to prove that. Anybody who hates Trump, could falsely claim like that.
Biden uses the Federal Fund building security fence around his house. Where else does Biden steal? From the taxpayers to buy votes of the people, like kemmer's vote.
Your ignorant mouth has nothing to prove that. Anybody who hates Trump, could falsely claim like that.
Biden uses the Federal Fund building security fence around his house. Where else does Biden steal? From the taxpayers to buy votes of the people, like kemmer's vote.
Don’t forget hunter, Ukraine and China just to name a few.. You know they got to be reeling with contempt over this enterprise that will bring in legitimate billions of dollars in the long run and fights very good cause.. what I called getting down to brass tacks and giving them back a bit of what they are giving out so much of lately. Their TDS office the charts at this point and not only for them but for the Democrat party of progressive idiots and criminals!
Kemms is just jealous and so enthralled in hate for Trump…He doesn’t recognize a good thing coming along..
Got to admit it’s rather brilliant and has set Wall Street on its heels as well. Will have to see what kind of war they try to throw up against us unless of course they agreed motivate them to jump in. Not looking too shabby that’s all
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