Donald Trump with his announcement of merging his company with $Digital World Acquisition Corp(DWAC.US)$ (DWAC), to challenge Big Techs like:
$Amazon(AMZN.US)$
$Netflix(NFLX.US)$
has caused a stir last week. DWAC stock prices have skyrocketed to close at $35.54 per share. Trump mentioned that he has plans for additional capital inputs to popularise their renamed company Truth Social.
Truly speaking, Trump has a huge group of "die hard" followers who can temporarily support his move, but are their financials sustainable to achieve his goal of defeating the more established renown social medias indefinitely?
Forgive me for predicting that most likely his company's stock will not be viable for long term investment goal. Trump has a strong backup in Patrick Orlando, CEO of DWAC. who is apparently a "wizard" in money management, but it is not that simple for the latter to flex his skills with Trump at the helm. Apart from the disadvantage of a lack of surplus fund that the other Giant techs command, there remains, the social stigma of associating with the former American President. The public will not forget the unfavourable stink associated with Trump, who is alleged of inciting the Capitol riots on two occasions. Besides that, he is potentially facing other criminal probes too.
Initially, the early investors may have good buying opportunities and reap the profits from acquiring the DWAC shares, who will trade on the Nasdaq under the symbol TMTC. Whereas, for long term goal it is  still wise for an investor to eye this stock cautiously. Let's see whether Trump is able to wave his magic wand to deal a Trump Card with glee, in his so called dynamic flourish.
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Without a doubt, 2021 is a remarkable year.
All of us have grown a lot, so has moomoo. In the past year, moomoo delivered a series of crucial features to empower mooers on their investing journeys. There is a lot that we are eager to share with mooers.
As Futu turned 9 years old, moomoo has ceremoniously selected 9 representative blockbuster features for you. Here we go!
1. LV2 Quotes of US Stock
Mooer's Pick:
@GT1982: If there is one feature that...