Best Brokerage Accounts to buy TRUTH Social stock

As you know, Donald Trump has been banned from platforms like Twitter and Facebook. Since then, he promised that he would fight back to create his own social media company. Trump Media & Technology Group (TMTG) and DWAC have entered into an agreement to merge the two companies to create a social network called Truth Social. DWAC is the ticker and acronym for Digital World Acquisition Corporation, a SPAC, also known as a blank-check firm, where the intent is to raise money and list publicly to merge with a private company like TMTG.

Which online brokers should you choose to buy TRUTH Social stock?

Upon a successful merger completion, TMTG will replace Digital World in the stock market and begin trading under that name. Since Truth Social isn’t at present a public social media trading platform, there isn’t a direct way to invest in TRUTH Social stock. Instead, you can buy the DWAC stock, which trades on the NASDAQ. To buy DWAC stock, you will need to select a brokerage firm such as a discount brokerage or a full service brokerage. Full service brokers provide advisory and portfolio management services, but charge higher commissions. Below are a few of our favorite brokers where you can buy Digital World Acquisition Corp (DWAC).

Etoro — The best online broker for both US and non-U.S. investors

Robinhood — The best discount broker and easy-to-use platform

DEGIRO — The best stock brokers in Europe

Should you invest in TRUTH Social stock?

Truth Social is planning to launch the platform in late February 2022, specifically on President’s Day. Seriously, though, I’m a supporter of DWAC stock if the business combination successfully completes. I believe that Trump has enough influence within his conservative base to build a successful platform. While a Trump-based social media or news platform may not have as many users as Twitter and Facebook, it may be able to monetize it better. If everything works out, Truth Social can become a powerful social media platform and grow faster than expected.

As of now, much remains unknown regarding the long-term future of Trump stocks. There are several social media companies that emerged after the Trump ban. They wanted to provide an alternative to Meta (NASDAQ:FB) and Twitter (NYSE:TWTR) but most of them sank very quickly. At this point, perhaps the best way to look at DWAC stock is as a short-term investment. Investors should be paying close attention and buying a relatively small portion of the shares at this point.

What are the best alternatives to TRUTH Social stock?

So, you can’t buy stock in Truth Social, but you’re on the hunt for a good TRUTH Social alternative. Here are some social media stocks to buy instead of Facebook.

Twitter (TWTR)

Pinterest (PINS)

Alphabet, Inc. (GOOG)

Facebook, Inc. (FB)

Bumble (BMBL)

Match Group, Inc. (MTCH)

Snap, Inc. (SNAP)

NetEase, Inc. (NTES)

Spotify Technology, Inc. (SPOT)

Tencent (TCEHY)

Zoom Video (ZM)