Trump Media and Technology Group, owned by former President Donald Trump, will be going public after merging with Digital World Acquisition Corp., a special purpose acquisitions company (SPAC).
The stock of the existing SPAC, DWAC, has been on a wild ride since the announcement, spiking from about $10 to as much as $175, then dropping back to around $60 today. Quickly classed as a "meme stock" by market watchers, it promises to be volatile at least for a while as details of the company and its plans surface.
Shares of the SPAC can be bought and sold now like any stock. The SPAC deal likely won't be complete until next year.
Here's what we know about the deal so far and how to buy Trump Media and Technology Group stock when the company goes public.
Latest updates
Thursday, Jan. 6: Shares of Digital World Acquisition (DWAC), the SPAC that will bring Trump Media and Technology Group public, shot up 20% on news that an app connected to the venture plans to launch Feb. 21. The app, Truth Social, noted in the Apple app store that launch is expected on that date.
Tuesday, Dec. 7: Longtime GOP Rep. David Nunes will leave Congress to become CEO of Trump Media and Technology Group, the company announced.
Monday, Dec. 6: Federal regulators are looking into the deal to bring Trump Media and Technology Group public, the SPAC it will merge with said in an SEC filing. The issue is apparently whether talks between the two occurred before they were allowed, according to press reports.
On Wednesday October 20, 2021, former President Donald Trump announced that Trump Media and Technology Group (TMTG) will be going public by merging with Digital World Acquisition Corp., a special purpose acquisition company (SPAC). The date of the merger, stock symbol and proposed stock price have not yet been announced.
TMTG is looking at receiving $293 million currently held in trust by Digital World Acquisition. The deal would also give TMTG a market valuation of $1.7 billion.
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."
Digital World Acquisition Corp. went public on September 7, 2021 on the Nasdaq Global Market under the ticker symbol "DWAC." The IPO grossed $287.5 million from the sale of 25 million stocks at a starting price of $10.00 each. Following the merger announcement, Digital World Acquisition stock jumped by 357%.
We'll update this page as more information becomes available.
Note: all dollar amounts on this page are in US dollars.
How to buy shares in Trump Media and Technology Group when it goes public
Once Trump Media and Technology Group goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
Search for Trump Media and Technology Group. Find the stock by name or ticker symbol: TMTG. Research its history to confirm it's a solid investment against your financial goals.
Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Trump Media and Technology Group reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Trump Media and Technology Group, depending on your broker.
Check in on your investment. Congratulations, you own a part of Trump Media and Technology Group. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. The company has approximately 231 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets. Its promoted products consist of promoted ads and Twitter Amplify, Follower Ads, and Twitter takeover. In addition, the company offers monetization products for creators, including Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. Further, it offers products for developers and data partners comprising Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California. As of October 27, 2022, Twitter, Inc. was taken private.
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