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Trump’s great success: His new social network sells hundreds of millions of shares, the value rises more than 1,220%.


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Trump’s great success: His new social network sells hundreds of millions of shares, the value rises more than 1,220%.

Jose Hermosa | TheBL 5 hours ago 167 views
 
fotojet-5-1-700x366.jpg
Former President Donald Trump at the Phoenix Convention Center in Phoenix, Arizona, Oct. 29, 2016. (Flickr.com/Gage Skidmore).
 

Shares linked to former U.S. President Donald Trump’s new “Truth Social” network were the top sellers on the New York Stock Exchange yesterday, soaring over 1,220% of their face value.

 

The shares are traded through Digital World Acquisition Corp. (DWAC), to which Trump Media & Technology Group will be merged. Record sales topped 55,000 buy orders during the first two days, according to Bloomberg Oct. 22. 

By midday yesterday, more than 470 million DWAC shares had already been sold through investment platform Fidelity, tripling the demand for Tesla shares, the second-most sold by that entity. 

 

The base price for DWAC shares was $12.73 and reached $104, up more than 817 percent, as of 1:14 p.m. ET. At the close of trading on October 21, its market capitalization was $1.47 billion, up from $321 million the previous day, Reuters noted

 

“The venture may provide the first real test of the power of right-wing social media with the full force of Trump’s support,” author Rachel Mummey wrote.

 

The new venture also integrates other media outlets in addition to the social network. 

 

In this regard, the co-founder of Longbow Asset Management in Tulsa, Oklahoma, Jake Dollarhide, noted, “Up to this point there hasn’t been a publicly traded vehicle for those that support the former president.”

For practical purposes, a beta version of the “guest” site is scheduled to launch in November, with a full launch expected in the first quarter of 2022. It is available now in the Apple Store for pre-order. 

 

“I created Truth social and TMTG to stand up to the tyranny of big tech. We live in a world where the Taliban have a huge presence on Twitter, yet your favorite American president has been silenced. This is unacceptable,” Trump wrote in the statement.

 

He added: “I am excited to send out my first Truth in Social Truth very soon. TMTG was founded with a mission to give everyone a voice. I’m excited to soon start sharing my thoughts on Truth Social and fighting back against Big Tech.

 

Everyone asks me why no one is standing up to Big Tech. Well, we will soon!”.

Trump’s accounts were blocked even while he was president, which again opened the debate about Big Tech’s power over free speech.

 

Although almost throughout his entire administration, the former president constantly denounced Twitter, Facebook, and YouTube for selectively censoring conservative figures and voices that dissent with the mainstream media.

 

On the other hand, Trump remains one of the most popular and influential people in American politics, and the latest polls show he could beat Biden in the 2024 presidential race.

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Updated: October 22, 2021 - 11:54am

 

Trump on Wednesday night announced his plan to return to social media

 

Shares of former President Trump's Digital World Acquisition Corp., the tech firm taking public his proposed social media platform public, surged Thursday and Friday, following the announcement Wednesday evening. 

 

Trading of the DWAC stock was halted Friday due to volatility several times during Friday morning trading after it skyrocketed 216% at one point, according to the Epoch Times.

 

On Thursday, the stock surged over 300% to close at $35.54.

 

Epoch Times reports speculation that small retail investors may be behind the surge, amid Twitter and sub-Reddit chatter. Similar situations occurred earlier this year with so-called "meme stocks" like GameStop and AMC, the Epoch Times also reports.

 

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, Truth Social, coming after Facebook, Twitter, and Google suspended Trump’s accounts in early January.

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30 minutes ago, Markinsa said:

Trump’s great success: His new social network sells hundreds of millions of shares, the value rises more than 1,220%.

Jose Hermosa | TheBL 5 hours ago 167 views
 
fotojet-5-1-700x366.jpg
Former President Donald Trump at the Phoenix Convention Center in Phoenix, Arizona, Oct. 29, 2016. (Flickr.com/Gage Skidmore).
 

Shares linked to former U.S. President Donald Trump’s new “Truth Social” network were the top sellers on the New York Stock Exchange yesterday, soaring over 1,220% of their face value.

 

The shares are traded through Digital World Acquisition Corp. (DWAC), to which Trump Media & Technology Group will be merged. Record sales topped 55,000 buy orders during the first two days, according to Bloomberg Oct. 22. 

By midday yesterday, more than 470 million DWAC shares had already been sold through investment platform Fidelity, tripling the demand for Tesla shares, the second-most sold by that entity. 

 

The base price for DWAC shares was $12.73 and reached $104, up more than 817 percent, as of 1:14 p.m. ET. At the close of trading on October 21, its market capitalization was $1.47 billion, up from $321 million the previous day, Reuters noted

 

“The venture may provide the first real test of the power of right-wing social media with the full force of Trump’s support system">support,” author Rachel Mummey wrote.

 

The new venture also integrates other media outlets in addition to the social network. 

 

In this regard, the co-founder of Longbow Asset Management in Tulsa, Oklahoma, Jake Dollarhide, noted, “Up to this point there hasn’t been a publicly traded vehicle for those that support system">support the former president.”

For practical purposes, a beta version of the “guest” site is scheduled to launch in November, with a full launch expected in the first quarter of 2022. It is available now in the Apple Store for pre-order. 

 

“I created Truth social and TMTG to stand up to the tyranny of big tech. We live in a world where the Taliban have a huge presence on Twitter, yet your favorite American president has been silenced. This is unacceptable,” Trump wrote in the statement.

 

He added: “I am excited to send out my first Truth in Social Truth very soon. TMTG was founded with a mission to give everyone a voice. I’m excited to soon start sharing my thoughts on Truth Social and fighting back against Big Tech.

 

Everyone asks me why no one is standing up to Big Tech. Well, we will soon!”.

Trump’s accounts were blocked even while he was president, which again opened the debate about Big Tech’s power over free speech.

 

Although almost throughout his entire administration, the former president constantly denounced Twitter, Facebook, and YouTube for selectively censoring conservative figures and voices that dissent with the mainstream media.

 

On the other hand, Trump remains one of the most popular and influential people in American politics, and the latest polls show he could beat Biden in the 2024 presidential race.

HA! That last line is a hoot. He beat Biden in 2020. Lies and cheats only last so long. The TRUTH always wins out. It will again in time.

To the MOON with this one too!!!

 

This stock is going to ride on the wings of all MAGA folks who were cheated this last election. Whose votes were stolen and dismissed. Now we can speak with our wallets and millions upon millions as they hear about this are going to vote with our shares.

GO TRUMP!

GO DINAR!

GO AMC!

GO DWAC!

GO PHUN!

GO APES!

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34 minutes ago, keylime said:

HA! That last line is a hoot. He beat Biden in 2020. Lies and cheats only last so long. The TRUTH always wins out. It will again in time.

To the MOON with this one too!!!

 

This stock is going to ride on the wings of all MAGA folks who were cheated this last election. Whose votes were stolen and dismissed. Now we can speak with our wallets and millions upon millions as they hear about this are going to vote with our shares.

GO TRUMP!

GO DINAR!

GO AMC!

GO DWAC!

GO PHUN!

GO APES!

 

I wonder if he's going to buy out Gettr?

 

.

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Just now, miraj said:

Nope..while all of you sit and wonder..wall street just made another mega million profit minus politics..hugely

While true about the millions, anything Trump and popular, and wildly successful, and taking the power from the liberal owned social media sites, a resounding Yes! It is making those liberals heads explode. Every time they think they got Trump beat. He, how shall I say it? ...

Trumps them. Ha!

Boom goes another liberal commie, socialist ungodly head.

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2 minutes ago, keylime said:

While true about the millions, anything Trump and popular, and wildly successful, and taking the power from the liberal owned social media sites, a resounding Yes! It is making those liberals heads explode. Every time they think they got Trump beat. He, how shall I say it? ...

Trumps them. Ha!

Boom goes another liberal commie, socialist ungodly head.

Well now..I am not a liberal commie socialist ungodly head..but I will state..there are a lot of wannabees today..and a lot of bag holders tonight..and your leader never came out today and posted anything that would reinstate faith in continuing to buy a SPAC..but hey..I went out tonight and found republicans and Democrats holding the bag wishin'and hopin' and dreamin' to run past 100..oh  wait..and plannin' ...88 from 175..you jump on that train? Trump was a thief most of his adult life. I have a friend that lost his entire business to him in Atlantic City..I have done enough commercial work to know how easy it is to get screwed by A Holes like him.

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12 minutes ago, miraj said:

Well now..I am not a liberal commie socialist ungodly head..but I will state..there are a lot of wannabees today..and a lot of bag holders tonight..and your leader never came out today and posted anything that would reinstate faith in continuing to buy a SPAC..but hey..I went out tonight and found republicans and Democrats holding the bag wishin'and hopin' and dreamin' to run past 100..oh  wait..and plannin' ...88 from 175..you jump on that train? Trump was a thief most of his adult life. I have a friend that lost his entire business to him in Atlantic City..I have done enough commercial work to know how easy it is to get screwed by A Holes like him.

I didn't say what you were. But the hate from the left for anything Trump makes it obvious anything he does that's a success make their heads explode. Oh and in case you don't realize, Monday it starts trading again. What? You thought it was just a two day deal? You know in the stock market you don't lose or win until you cash out. This thing he is doing has only just begun. Unlike you liberal sheep, I don't need my leader to say anything, I only have to see what he is doing and if I support it, I am on board. 

One man's A hole is another man's genius money maker. I have worked in construction over 30 years and at Trump properties in that time and never got screwed.

You sound like a sports fan who either thinks his team is winning the Championship or the season is lost after the first game. Ha! 

It's only just begun.

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1 minute ago, boomhand86 said:

I made that post just to see who I could drawl out.. and assumed only a liberal would respond,  lo and behold 

Well..you should try out for the NSA..maybe CIA..but I am not a liberal..just a citizen ex vet who volunteered..still loves the country..and drawl is my dialect..not a motion in a direction north, south, east, west Boom

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8 minutes ago, keylime said:

I didn't say what you were. But the hate from the left for anything Trump makes it obvious anything he does that's a success make their heads explode. Oh and in case you don't realize, Monday it starts trading again. What? You thought it was just a two day deal? You know in the stock market you don't lose or win until you cash out. This thing he is doing has only just begun. Unlike you liberal sheep, I don't need my leader to say anything, I only have to see what he is doing and if I support system" rel="">support it, I am on board. 

One man's A hole is another man's genius money maker.

You sound like a sports fan who either thinks his team is winning the Championship or the season is lost after the first game. Ha! 

It's only just begun.

No..never stated it was a 2 day deal. You sound brilliant..well inclined for market brilliance..please teach me Monday a.m. It may have just begun..but there are a lot of bag holders way above the current price, and your emperor has never shown himself to be able to extend something beyond the day..time will tell.

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2 minutes ago, miraj said:

No..never stated it was a 2 day deal. You sound brilliant..well inclined for market brilliance..please teach me Monday a.m. It may have just begun..but there are a lot of bag holders way above the current price, and your emperor has never shown himself to be able to extend something beyond the day..time will tell.

So how can one be a bag holder if it continues to trade on Monday? You don't sound brilliant. Especially since you regurgitate liberal things like "Your Emperor.." Childish. Sorry you can't belittle me. Which is what Libs always do when they have nothing substantial to offer in the conversation.

Yes. Time will tell, not you.

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My last post, 

 

“Missed 2 calls”, was a reference to the umpires calls in the Astros Vs Red Sox Ball game. Haha. I thought I was sending that to a friend who was at the game and thought the calls were wrong.  They were. My apologies for placing on the DV board.   I was wondering were my tweet disappeared to. 
 

So I have scouted for the Astros and the Braves years ago.  From my avatar some of you probably figured out that I’m a big ball fan.  Go Astros. 

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8 hours ago, Pitcher said:

My last post, 

 

“Missed 2 calls”, was a reference to the umpires calls in the Astros Vs Red Sox Ball game. Haha. I thought I was sending that to a friend who was at the game and thought the calls were wrong.  They were. My apologies for placing on the DV board.   I was wondering were my tweet disappeared to. 
 

So I have scouted for the Astros and the Braves years ago.  From my avatar some of you probably figured out that I’m a big ball fan.  Go Astros. 

I like your avatar. Wild Thing. Good goofy movies.

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On 10/22/2021 at 10:51 PM, keylime said:

So how can one be a bag holder if it continues to trade on Monday? You don't sound brilliant. Especially since you regurgitate liberal things like "Your Emperor.." Childish. Sorry you can't belittle me. Which is what Libs always do when they have nothing substantial to offer in the conversation.

Yes. Time will tell, not you.

if you bought this above 150 and it was an investment..so be it..Pitcher is a trader (and investor) ..but if you bought this above 150 for a trade and held..while it is down to 80 or so and your funds used were trading funds, you kinda mighta be screwed for a while if yo hold and it settles in. Brilliant me? Nah. And I was not trying to belittle you..my apologies keylime if I implied that.

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17 minutes ago, miraj said:

if you bought this above 150 and it was an investment..so be it..Pitcher is a trader (and investor) ..but if you bought this above 150 for a trade and held..while it is down to 80 or so and your funds used were trading funds, you kinda mighta be screwed for a while if yo hold and it settles in. Brilliant me? Nah. And I was not trying to belittle you..my apologies keylime if I implied that.

Apology accepted :) I bought in the 40's so I am still up. Trump is going to make another announcement soon about this deal and it will probably galvanize it even more. For me, I expect DWAC/PHUN to take off again as more Trumpers find out about it and he continues to develop this as the alternative to the bought and paid for liberal news outlets and social media. And not just that but they are going to do news, "unwoke" programming, and gear the channel towards folks whose voices have been silenced because they dare to have an opposing view. You are talking about a major audience who have been shut off and down. When that majority gets behind this, which will happen to be cutting edge, no holds barred, and perhaps the true and only vehicle for that part of the population in this country and even around the world that it will cater to, this stock isn't going to be hanging around 80 bucks. So as much as people hate Trump, the fervor that people have who love him is going to drive this thing to the moon. My humble opinion of course. It will be a fun ride I believe.

Again, if you don't sell, you haven't won or lost. They also say stock holders are going to be well rewarded. So perhaps a dividend is in the works as well. All I know is, Trump goes big and he goes all in. That's the investment I want my money in.

And I thank you for your service. My whole family going back to my great grandfather and great grandmother served in the Air Force. He was a flying Ace, she was a WAC, and their son was a flying Ace. My brother served in the Air Force and my Nephew has over 20 years in the Navy. We are a patriotic, love love love America family. Anyone who has served is welcome at my table no matter who they are, or what they believe. Common ground is something we should be able to find and set up a table on to break bread together.

Have a blessed week.

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