Stock - How to Buy Truth Social Stock – [Updated Guide]

How to Buy Truth Social Stock – [Updated Guide]

How to Buy Truth Social Stock - [Updated Guide]

Buy Truth Social Stock – In October 2021, Trump Media announced a merger with Digital World Acquisition Corporation, creating a special-purpose acquisition company and enabling Trump Media to go public without having to conduct an initial public offering (IPO).

Originally scheduled to be finished in the first quarter of 2022, the merger has been far behind schedule. Further, the Twitter acquisition by Elon Musk has worsened the share conditions of Truth Social.

TMTG Truth Social Stock

TMTG Truth Social Stock
TMTG Truth Social Stock

Donald Trump established the privately held Trump Media and Technology Group (TMTG) in February 2021 and, On October 20, 2021, declared that TMTG would merge with Digital World Acquisition Company, a SPAC Truth Social Stock.

The merger has been facing many problems recently, and the stock of Truth Social stock is still not available to the public. The deadline for compiling shareholder votes has been extended by DWAC three times in the last four weeks.

After a crucial September deadline, the venture, which has encountered financial and legal challenges, lost at least $138 million in private investment. If the shareholders don’t agree to the merger soon, DWAC Truth Social Stock might be required to liquidate its assets and refund the almost $300 million in investor funds it received from its initial public stock offering.

How to buy Truth Social Stock

How to buy Truth Social Stock
How to buy Truth Social Stock

Investors should consider several variables before purchasing shares of TMTG stock after it goes public, even though there is little financial information or history available for the company.

To buy Truth Social Stock, you need to follow these simple steps –

Step 1: Understand the financial position of the Truth Social stock

The financial position of the Truth Social Stock is only as accurate as the information that is currently available about Digital World Acquisition Company, which will provide TMTG with initial startup funding once their planned Truth Social merger takes place.

Step 2: Analyze Truth Social Stock’s financial reports

Due to Trump Media and Technology Group’s lack of past financial performance, investors will have to wait until forward-looking statements are made public by filing Form S-4, which projects revenues, earnings per share, capital expenditures, dividends, capital structure, and associated financial factors. However, investors should know that such remarks are only predictions, forecasts, or speculation.

Step 3: Evaluate the Potential of Truth Social Stock for Your Investment Horizon

Investors should consider their investment goals, time horizon, and risk tolerance while buying stock. A swing trader, for instance, would be more interested in the possibility of short-term momentum than a long-term investor, who might be more concerned with solid fundamentals.

Step 4: Pick a Brokerage

The process for investors interested in buying TMTG stock is the same as it would be for any other stock, starting with choosing a brokerage house. The investor can then open a retirement account, such as an IRA, or a trading account, such as a regular brokerage account.

Step 5: Establish Your Investment’s Size and Strategy

After TMTG goes public, investors who have done their research and have chosen to invest must select how many shares to purchase and what kind of investment strategy to employ. The investment technique will serve as a guide for the holding time and exit strategy of an investor. For TMTG, investors have three options: short-term trading, swing trading, or long-term holding.

Step 6: Choose an order type

Investors have a variety of alternatives for placing orders for equities. The most typical orders are market, limit, stop, and recurring orders.

A market order quickly conducts a trade at the best transaction price, whereas the buy-limit order indicates the greatest price they are willing to pay for the shares in the order. An order to purchase or sell a stock at a specific price, known as the stop price, is referred to as a stop order, also known as a stop-loss order which could be used to open a trade in Truth Social stock if the stock rises to the stop price.

Step 7: Send the Transaction in

All that is left to do is place the order and submit the trade once investors have chosen an investment size and order type. If the order is for the market, it will be filled immediately at the best transaction price, and the investor’s account will subsequently be credited with the stock. The deal will not go through if an investor places a limit or stop order, as those orders will not be filled until the stock reaches the investor’s target price or stop-loss price.

Truth Social Stock Price History

After Elon Musk changed his mind and suggested moving through with his plan to acquire Twitter, shares of Digital World Acquisition Corp., the special-purpose acquisition company that was seeking to go public with Trump Media and Technology Group, fell.

On September 7, 2021, Digital World Acquisition Corp. began trading on the Nasdaq Global Market under the ticker “DWAC.” Since the announcement, the stock of the current SPAC, DWAC, has been on a wild ride, rising from approximately $10 to as much as $175 before tumbling back to the $60 level.

Twenty-five million stocks were sold in the IPO for $10, generating a total revenue of $287.5 million. The stock’s 2022 peak was in March at roughly $175. However, In its quarterly report released on August 23, DWAC revealed that its losses for the first half of the year totaled $6.2 million, and this month, shares of DWAC dropped more than 5% to $17.10.

A major deadline in September was missed, costing the transaction at least $138 million in private investment, and this year, the stock price has dropped to a total of 59%.

Frequently Asked Questions about Truth Social Stocks

What is the Truth Social stock symbol?

Trump Media and Technology Group will become publicly traded on the stock exchange with the symbol TMTG if the proposed merger with DWAC is successful. Shareholders of the DWAC SPAC can cash out on their shares or keep their newly issued TMTG shares following the acquisition.

How can I get Truth Social stock?

Truth Social does not have a direct stock purchase option. However, Digital World Acquisition Group (DWAC) now allows stock purchases.

What is the stock price of Truth Social?

Truth Social is not yet publicly listed. Hence it is impossible to estimate the price of a single share of the business.

Where to buy Truth Social stocks?

Any well-known brokerage, such as Robinhood, Fidelity, Vanguard, WeBull, TD Ameritrade, and others, allows you to buy Digital World Acquisition Group (DWAC), and you can purchase bonds, mutual funds, exchange-traded funds, and other products in addition to individual stocks of DWAC.

Closing Remarks

There you have it – a detailed article covering how to buy Truth Social stock.

Purchasing DWAC stock at this time is more comparable to gambling than investing as the company has no notable earnings history, and its stock price has been falling for months.

The future of Truth Social is made more difficult by Elon Musk purchasing Twitter, and further questions are raised by request for extra time to finalize the merger. There is still a chance that the acquisition could be called off because of an ongoing SEC probe, and a fresh federal grand jury probe has made the situation even more difficult.

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About the author

Priyanka Bhatt

Creativity and out-of-the-box thinking describe Priyanka's writing style best, which comes as no surprise when her polar interests like economics and the cosmos, history, and Nicola Tesla's ideology are taken into account. A learner at heart, Priyanka can talk for hours on political issues and is very accommodating of differing perspectives. Head over to Priyanka's Twitter handle @Priyanka_b01 to get to know her!

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