How to buy Trump Media stock
Trump Media stock will be available following a merger with Digital World Acquisition Corp (DWAC). Digital World Acquisition Corp. went public on the Nasdaq Global Market under the ticker symbol "DWAC." Traders still cannot purchase shares of Trump’s company, the Trump Media and Technology Group. Instead, they have to acquire stock in a SPAC with the understanding that it will merge with Trump’s group and therefore give them a stake in the combined entity.
If you’re keen to pick up some Trump Media stock, you’ll need to wait for the deal to go through before your DWAC shares effectively become TMTG shares. However, you can buy DWAC stock now, it will turn into TMTG stock automatically after the merger is final.
How to buy shares in Trump Media and Technology Group
Today, you can buy shares in companies like Trump Media and Technology Group fully online. Once TMTG goes public, you'll need a brokerage account to invest. If you don’t already have a brokerage account, you’ll need to set one up before you start trading. Consider opening a brokerage account today so you're ready as soon as the stock hits the market. DWAC shares are ready to be bought and sold now through your trading account.
Digital World Acquisition Corp. can already be bought and sold through your trading account. Buy DWAC now using eToro.
You may choose to invest a lot of money at once or to slowly build up ownership over time with small, regular purchases. The latter strategy, called dollar-cost averaging, may help you commit to saving while reducing the level of risk and the effects of volatility.
Should you invest in Trump Media?
Trump plans to use TMTG to launch a subscription video-on-demand service and a social media platform called "TRUTH Social." According to the Apple App Store description, TRUTH Social is designed to encourage "an open, free, and honest global conversation without discriminating against political ideology."
Since Truth Social isn’t at present a public social media trading platform, there isn’t a cost to give an account of how much a solitary stock in the organization would cost. The most dependable way of deciding an underlying IPO price is to contrast it with other social media organizations.
Twitter: $26
Facebook: $38
Pinterest:$19
With a social media stage that separates itself from its opposition by promising clients both a free and open insight and the colossal after previous President Donal Trump has even in the wake of leaving office, one could deduce that if Truth Social at any point opens up to the world, the price of their IPO could fall someplace inside the initial price above something around $15 – $85.
Is Trump Media stock a buy right now?
TMTG expects that former President Trump’s large following will help catalyze the growth of Truth Social. If TMTG can get even 10 million or about 11% of former President Trump’s Twitter following, and earn even $20 annually per user in the first year, then TMTG might have $200 million in annual revenues. I note that Facebook (FB) earns around $200 per year from its United States & Canada users. Based on that revenue run-rate, TMTG might be trading at around 40-50x revenues, which wouldn’t be too unreasonable if the company can prove strong growth rates. However, Trump Media & Technology is still pre-revenue, making it a highly speculative bet right now.
Final thought
TMTG look like a “#meme stock,” as it appears that the stock is not trading on fundamentals. Perhaps most investors is buying the stock purely based on hype and the belief that others will also buy the stock for hype. So, the main risks for them in the near future is that the initial excitement has passed. While TMTG is a speculative bet for investors, Meta Platforms is a distinguished player in the social media segment and a low-risk buy.
