Digital World Acquisition Corp (DWAC) is an ETF documented on the NASDAQ exchange which means you can buy the stock from most agents.
DWAC Stock – Where to buy Truth Social DWAC stocks?
Follow the steps below to learn how to purchase the stock:
- Find a reliable broker.
Firstly, find a reliable broker. It’s easy and free to open a brokerage account. The right agent can make the major difference between bringing about or losing money on each exchange.
The agents below are amongst the best in the business, charging low expenditures and commissions (or none at all), offering a high-quality product and service, and providing simple-to-use interfaces and beginner-friendly resources.
Below are a few brokers where you can buy Digital World Acquisition Corp from:
- Webull: Best Promotions
- Moomoo: Best Sign-up Offer
- Public: Investing, Made Social
- Acorns: Best For Beginners.
More info about these brokers:
- Webull Outline: Webull offers the most frequent and best advertisements amongst all stock brokers. Webull is recommended for moderate traders and for those who are looking for an all-in-one brokerage app.
- Moomoo Outline: Moomoo offers the best sign-up bonus among all agents. Moomoo is recommended for all merchants who want to take advantage.
- Public Overview: Public offers a mixed social investing platform where you can invest with others starting with as little as $1. The public is recommended in the case of expecting a more social factor to invest.
- Acorns Overview: Acorns offer a simple way for users to automatically invest their spare change. Acorns is recommended to users who want a simple hands-off strategy for investing.
- Fund your new account
You’ll need to transfer money into your new brokerage account before you can buy the stock. Transfer through a bank is recommended and it is the most widespread strategy to fund an account. Some brokers might allow funding through a debit or credit card.
- Search for DWAC on the brokerage app or site.
When your funds are finalized into your account, look for Digital World Acquisition Corp. on your broker by searching for the company name: Digital World Acquisition Corp. or the ticker symbol: DWAC.
- Buy the stock
Once you’ve got Digital World Acquisition Corp. on your broker, you can submit a purchase order to buy the stock. Note that depending on when you are supposed to buy the stock, the stock might be higher or lower than the price listed. You may also be able to purchase fractional stakes, being sure of your agent.
Once your order is fulfilled, you’ve just purchased your first stakes of Digital World Acquisition Corp- Class A Common Stock. Congratulations!
Also read|Steps to Buy Truth Social / TMTG Stock
Tips for acquiring the stocks
While relinquishing your order, you may choose to buy shares of Digital World Acquisition Corp with two options one is at the market price with a market order or the second one is at a set expense using a threshold order.
- Market order: Buy the stock instantly at its existing price.
- Limit order: Buy the stock only once it reaches your mark price.
By default, all investments are considered market orders unless determined otherwise. Limit orders are great if you only want to buy shares of DWAC if it reaches a specific rate.
Should DWAC Stock be bought at present?
In the past weeks, the price per share of Digital World Acquisition Corp. has decreased and the daily volume has decreased relatively. You should buy DWAC only if you guess stock will regain soon, or wait until you think the stock is done declining.
In the end, no one nor cadent can tell you whether you should buy DWAC today or not. You should be relaxed with the risk of the purchase and should buy merely when you think the time is favourable.
DWAC stocks’ risk factor
Digital World Acquisition, the SPAC that plans to incorporate with former President Donald Trump’s Truth Social, fell 9% after Kerrisdale Capital broadcasted a short document targeting the firm.
Kerrisdale assumes that DWAC will fail to complete its union with Truth Social, incorporated with the fact that poor performance at Truth Social puts into question its proficiency to successfully launch an alternative social media outlet.
“DWAC’s stock has much further to fall given the demonstrably misleading statements in DWAC’s registration statement, the status of TMTG’s operations at the time the merger agreement was executed, the cast of characters seeking to consummate that merger and those individuals’ flagrant disregard for SEC rules and regulations,” Kerrisdale said.
Digital World is already under effective examination by the enforcement department of the SEC, Kerrisdale highlighted. “DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned,” Kerrisdale said.
And if a deal does get accomplished between Truth Social and Digital World, the company’s current valuation “is absurd and financial projections are based on the flimsiest of assumptions,” Kerrisdale said.
“Subscriber projections for Truth Social are based on an unreliable Politico poll, while the Truth Social streaming video-on-demand service is supposed to miraculously win 50% of Netflix’s US subscriber base by 2026 by streaming ‘non-woke’ entertainment without any explanation as to how it will afford billions of dollars in content,” Kerrisdale said.
Stakes of Digital World were already under burden before the short report as Elon Musk strived to acquire Twitter. DWAC shares are down 75% from their record high of $175.