Truth Social is a social media plan of action initiated by Trump Media and Technology Group, or TMTG. The Twitter-like application was started on February 21, 2022, and quickly became the most installed free app in the Apple store.
The Truth Social program has a similar layout and users undergo as Twitter, where users can create posts called “truths,” which are the program’s alternative to “tweets,” and users may share posts called “truths.” The social media platform also features a “truth feed” newsfeed and a notification system.
Steps to buying Truth Social stock
You cannot buy stock directly in Truth Social; however, you can purchase stock from Digital World Acquisition Group (NASDAQ: DWAC) due to its merger with Trump Media & Technology.
There are several considerations before buying shares for investors interested in purchasing TMTG stock after its DWAC merger is complete and goes public. Although not much financial data or history is obtainable about Trump Media and Technology Group, investors should evaluate TMTG’s perspective and risks before investing. Here are the steps to buying Truth Social stock –
Step 1: Understand TMTG’s Financial Position
TMTG’s financial position is bounded by financial data available about Digital World Acquisition, which provides initial startup capital for TMTG once their planned coalition occurs. DWAC finally issued its 10K on April 13, 2022, which reveals that DWAC had a dropping of $1.4 million in 2021.
Step 2: Evaluating TMTG’s Financial Reports
Since Trump Media and Technology Group has no financial history, backers will need to wait until forward-looking statements are declared through the filing of Form S-4, which requires filing with the SEC before a union or acquisition. Till April 14, 2022, the S-4 had not been organized.
Step 3: Assess TMTG’s Potential Compared to Your Investment Horizon
When considering the purchase of stock, investors should keep their investment objectives, time horizon, and risk tolerance in mind. For example, a swing trader may be engrossed in short-term share potential, while a long-term investor may care more about solid fundamentals.
Step 4: Choose a Brokerage
Investors wanting to purchase shares of TMTG stock can follow the same process as buying any stock, which begins with selecting a brokerage firm. The investor may open a trading account, such as a worth brokerage, or a retirement account like an IRA.
Investors can open trading accounts with a discount or a full-service brokerage company. Full-service brokers provide advice and portfolio management assistance but charge high commissions and fees.
Step 5: Select an Investment Size and Strategy
Investors researching TMTG and deciding to invest after it goes public will need to examine how many shares to purchase and what investment perspective to adopt for this position. The investment perspective will guide an investor’s holding period and exit planning. Investors may undertake short-term trading, swing trading, or long-term stock for TMTG.
Step 6: Select an Order Type
Investors have many options for placing orders with stocks. The preliminary order types include market, limit, stop, or recurring charges.
Market order: The most similar type of order, a market order executes a trade instantly and at the best available deal price.
Limit order: When an investor accommodates a buy-limit order, they state a maximum price to be paid for the shares.
Stop order: Also called a stop-loss order, a stop order is an order to purchase or sell a stock once it outstretches a specific price, known as the stop price. Anyone could use a buy-stop order to enter a position in TMTG if the supply increases to the stop price.
Step 7: Submit the Trade
After investors have cleared a chosen investment size and order type, they must submit the trade by accommodating the order. It will be charged at the best available transaction price if the market orders. The stock will then seem to be the investor’s account.
However, if investors submit a limit or stop order, they will have to wait until the stock outstretch its target price or stop loss price for the trade to be completed.
Note: This report is not advised to purchase TMTG. The following steps may be helpful for investors interested in pursuing a potential investment.
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TMTG & DWAC Merger
On October 20, 2021, Trump declared TMTG’s planned merger with a unique purpose acquisition company, or SPAC, Digital World Acquisition Company (DWAC). The union is scheduled for completion before September 20, 2022, when DWAC stock investors may become shareholders in TMTG or may cash out their shares.
What’s happening with DWAC Stock?
The stock of DWAC fell to 18 percent in a single day of the trade when controversial reports stated the launch of Truth Social had been delayed. Although, it has subsequently recovered. The fact that Trump has now announced on Truth Social has reignited interest.
What company owns Truth Social?
- Owner: Trump Media & Technology Group
- Founder(s): Donald Trump Key people Devin Nunes (CEO)
- URL: truthsocial.com
How much is Truth Social worth?
According to our math, Truth Social has already boosted Donald Trump’snet worth by $430 million, helping lift his fortune from $2.4 billion a year ago to $3 billion today.
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