The Merger of Trump Media Group and DWAC: What You Need to Know

TLDRTrump Media Group has merged with DWAC, now known as Truth Social. The stock is up over 45% and there are speculations about Donald Trump selling shares. However, the company has no operating revenues and has incurred substantial legal expenses. It remains to be seen how the stock will perform in the next few months.

Key insights

📈Trump Media Group has merged with DWAC and the stock is up over 45%.

💰The company has incurred significant legal expenses, raising questions about its financial stability.

🤔There are speculations about whether Donald Trump will sell shares of the company.

📉The stock market may experience a dump once Donald Trump starts selling shares.

💼The company has no operating revenues and its future is uncertain.

Q&A

What is the current stock price of Truth Social?

The current stock price of Truth Social, formerly known as DWAC, is not mentioned in the video.

Why has the company incurred significant legal expenses?

The video does not provide a specific reason for the legal expenses incurred by the company.

Will Donald Trump start selling shares of the company?

There are speculations about Donald Trump selling shares, but it remains to be seen.

What is the lockup period for Donald Trump's shares?

The video mentions that the lockup period is somewhere between 170 and 180 days after the day of the video.

What is the future outlook for Truth Social?

The video suggests that the future outlook for Truth Social is uncertain, as the company currently has no operating revenues.

Timestamped Summary

00:02Trump Media Group has merged with DWAC, becoming Truth Social.

00:08The stock is up over 45% following the merger.

01:20The company incurred significant legal expenses, but the reason is not specified.

03:49There are speculations about whether Donald Trump will sell shares of the company.

05:31The lockup period for Donald Trump's shares is between 170 and 180 days after the day of the video.