TRUTH Social vs Facebook Vs Twiter Market CapDWAC has a Market Cap of only 1.635B, but let`s put the less upside potential 1.7Bil usd at 10usd valuation, then the value of Trump Media & Technology Group should be 7.7Bil.
Twitter has 52Bil mk cap, so still a 6.7Xupside.
FB Facebook, Inc. has a Market Cap of 963.91B, so 99X from here.
what is your price target for DWAC???
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook .
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter / Facebook platform?
Can we expect a retracement to January 2021 area because of TRUTH Social gaining momentum and market share?
I`m looking forward to read your opinion about it!
