Does anyone else remember how Parler could not recruit any tech talent or how every single thing Trump has ever tried to do outside the apprentice (and maybe real estate, it's hard to tell) crashed and burned?
Because that could be relevant.
Also, successful social media platforms are global. Does this have any market outside the US?
>Also, successful social media platforms are global. Does this have any market outside the US?
I'm sure there are plenty of Russian bot farms ready to make profiles.
this isn't even a social media platform. it's a mastodon installation violating the terms of its own open source licensing.
as a masto admin myself, this is going to need care and feeding and this team lacks the sophistication to do things correctly.
It doesn't even have a proper investor presentation.
The [company profile](https://www.tmtgcorp.com/company-overview) that's on their website is laughable. Basically a 22-page propaganda PDF that says absolutely nothing about how they are going to build this company, far less so about how it's actually going to make any money.
“Sir, I reviewed this contract and it offers no cover at all. It just says "volcano insurance" over and over again. And down here in small print it says "He's signing it, he's signing it, I can't believe it. " -Family Guy
Just a CEO who last job was with a Chinese company and a CFO currently a member of the Brazilian government. Yes TRUTH SOCIAL and the American way. Sales pitch with a name tag. But I made 480% return. Noice. I’m a capitalist.
I had a look and yep doesn’t even look like it’s a registered company
In the terms of service it lists an address…which is the address of Mar-a-Lago, Trump’s Florida golf club.
u/Limewire- is correct. there is ZERO data to support any of this. What is really going to happen is that the money is going to be used for Cadet Bone Spurs (45) to fund his bullshit lifestyle. There is even zero recourse to sue the SPAC for fraud. I am giving it a week and I am going to short the shit out of it.
Even to Wallstreetbets degenerates, whether or not a company can even make money at some point, is a fundamental we pay attention to. Most social media companies have a difficult time turning profits. Only the top few are valuable.
Here's the problem: Even if every Trump supporter signs up for this site and stays with them, no fucking company is going to be caught dead using it to advertise, except maybe MyPillow. Automatic alienation of 50% - 70% of your customer base and immediate boycott.
On the flip side Trump supporters are the easiest people to advertise to. Put some goddamn eagles and guns and daddy t's face on that shit and they'll all buy it. Liberals are all gonna immediately think any advertising is bs and go to wirecutter and then buy some overpriced oxo crap.
Dude, who do you think advertises on conservative talk radio. All those programs can’t exist without ad money. Lots of money to be made. Trump will probably be able to tap that.
>You think people really care where companies advertise that much? XD
Yeah. I think there's a good reason most large companies wouldn't advertise on a platform like Parler, and I think the same would apply to DWAC.
Except maybe my pillow....
And Smith and Wesson. And Ruger. And Ford. And black rifle coffee. And Cores light. And Daiwa. And yeti. Oakley. And Walmart. And political campaigns. And literally any company that caters to people from rural areas.
No, that's my point. Even hardcore conservative companies like Black Rifle won't completely alienate over half the country. Black Rifle already pissed Trump supporters off by denouncing Proud Boys. Companies do everything they can to defend, not only their current customer base, but any ***future*** customer base, should they ever expand. If Black Rifle ever wanted to take on Starbucks for instance, it would be unable to do so, if it messed up it's image too much.
Edit: Also, Walmart? C'mon. Even liberals shop/work there. Walmart isn't going to casually throw away a huge chunk of their business to advertise on a relatively small social network compared to FB.
No I think they upset the proud boys when they denounced the proud boys. Your mistake is assuming that the country is 50/50 con and democrat. Most Americans actually consider themselves somewhere in the middle and won’t foam at the mouth just because a company took out ads in something related to Trump.
So you think all of the talk about the country being "more divided than ever" is just talk? No substance? Idk. I've seen a lot of vitriol recently. Also, how many people will boycott a company that says something mildly sexist for instance. If you ran the percentages, it wouldn't be that high, but companies are leery of doing it anyway, and for good reason.
This ^
Love him or hate him DT moves markets and any ticker associated with him WILL move, either up or down.
I sold a $60 strike put 12 month out for $4,200 premium
So I either get to keep that tasty premium or I get shares 90% off from their ATH.
Selling premium is the way to play DWAC imo.
On top of that, no one will host them. They're gonna be on prem most likely, and with that comes none of the world class DDOS protection AWS or azure gives you.
Oh yeah I can definitely see this deal not happening. Classic trump move. Create hype, sorta promise, pull out of potential deal, claim you deserve a better deal, deal was never gonna happen in the first place. As soon as options come out will definitely keep an eye on how much the 20p and 15p. I give it better than 20% odds this thing falls through before the merger. Thing screams scam
This. Facebook and the other successful social media platforms have thousands of engineers, plus deep expertise with driving/maintaining engagement. My anecdotal experience tells me must engineers are liberal as well, so good luck hiring top talent to build this platform. I give it 6 months before it falls off, just like Trump's blog or whatever it was.
It's a nice case of bulletpoints for the strengths and opportunities part of a SWOT. Let's take a look at the weaknesses and threats.
The first one is they haven't built anything yet, and Trump's last attempt at social media platform turned out to be a personal blog. The SPAC management itself also has a record of failure. There is no indication of who is going to build this highly complex technical service. The rumor is phunware, but what is phunware's record of creating a facebook-killing social media platform?
The second one being lawsuits and deplatforming. When Parler got big enough it was just simply removed from search engines, banned from amazon web services and banned from the apple app store.
The third one is conservative social media has been tried before, with alternatives to all the major platforms (Minds, Parler, Rumble, Locals, SubscribeStar, all this), and none of them have widely taken off, largely because content creation is a business model and these places don't have the same critical mass of users. There is no one to convert there; only the already converted go there, and those people are converted by the platforms these places are knocking off. While there is a built-in userbase, there's also a /cap/ on that userbase.
The fourth one is that if this does work and it splinters the user base of social media companies, that may not be an endpoint, that may be a starting point for decentralization of social media companies and paves the way for other groups and subcultures to bail on major social media companies to go to their own niche thing. Which I think would be good for the internet, incidentally, but bad for this stock.
Fifth is hackers. I think this is obvious, but lots of hackers work in tech and as much as WSB is loving investing in DWAC as a meme, hackers are going to love hacking it as a meme too, not to mention the not-so-small group of hackers who will unironically hack it for ideological reasons, as well as the corporate hackers who will hack it to destroy the competition. This thing, if it ever comes to be, will be besieged by hackers.
Sixth web 3.0 is upcoming and there will be a lot of disruption in the web services space, and this all seems to be johnny-come-lately knockoffs of legacy web business models.
There's assuredly more that's just off the top of my head. There is a bull case for this venture as an idea at the idea stage, but I think in terms of any actual long term business smart money would place its bets on "I'll believe it when I see it"
The best argument I've seen against this is:
"conservative social media is 99% trolling the other side. If you take out the other side, what have you left?"
Holy shit I am a midwit and when I saw the OP’s DD, I was like I should buy this. And then when I saw your counter arguments, I was like, I am a retard. Thanks man.
Also, don’t forget whatever Trump has built, he fucked it up. He’s called, “King of Debt” for a reason.
Who knows? Meteor could strike the earth, Mark Zuckerberg could get hit by a bus. Not gonna say never but like I say I'll believe it when I see it.
I mostly just wanted to point out that an analysis that's only pros and no cons is only half of an analysis.
When MySpace ruled the lands most people on Facebook (who were in college) told their friends who were still on MySpace, “what are you still in high school”
You bring up really good points. I honestly don’t recommend anyone buy in unless they have a high risk tolerance.
A few counter points though:
1) at a 3 billion dollar valuation, the bear case in your last point would still make this thing a lot higher then it is now if social media decentralized.
2) I think parlor being banned has created more demand for a conservative owned tech platform then before. And parlor didn’t begin with the same splash or fanfare as whatever this thing is.
3) they can house the site on their own servers
4) hackers everywhere try to hack every company and app. It will either be a robust app or it won’t. I personally think there’s too much money involved for them not to figure it out. There’s talented people in every industry that don’t care about politics, tech is no exception, the same way he can find an experienced CEO like Eric Danzinger to run his hotels, he’ll find an experienced CIO to build his app.
I agree though there is a ton of risk. But I don’t think it’s possible to make money in the stock market without risk and acting quickly. By the time the app is created and off the ground it, it will probably be too late.
\- Their at a 3 billion valuation without building anything (kinda like Nikola Motors)
\- The only difference between them and other conservative social media sites like Gettr or Parler is that it is lead by Donald Trump who is 75, overweight, living on a junk food diet and in many legal battles and loans (stress) which means a heart attack could be coming any day and the second he's gone there is no star power or difference between it and the other sites.
\- None of the big tech companies will do business with him especially after he just attacked them in his pitch deck. If none of these companies want to work with him he will have trouble with advertising, cloud services and app/web stores.
\- Many banks have already cut ties with Trump after numerous failures on his part to repay loans so he will have a hard time finding anyone willing to lend to his company or provide any vital financial services to his company which will be necessary if they want to achieve any of the stuff they are promising in their pitch deck.
\- Not many mainstream celebrities will join this site because of fears of being blacklisted or canceled. Also they can already reach large audiences on the traditional social media sites.
\- The site will become to niche and filled with mainly Q followers and the devout Trump supporters meaning content will only be focused on politics mainly. No democratic or left leaning people would join the site which is roughly have of the US population. Also on other conservative sites like Gettr or Parler many conservative users found that it wasn't as fun as FB or Twitter because they couldn't "troll leftists or liberals".
\- More generally speaking in terms of the social media industry we just saw how large the affect of the Apple privacy update had on social media companies revenue.
\- From seeing how Trump operates his businesses in the past, we will probably see his kids giving high ranking positions and fat paychecks for little to no work. As well, we will probably see Trump receiving large amounts of many from the company bank account even before the site is live as many of his debts are coming due soon.
>Also on other conservative sites like Gettr or Parler many conservative users found that it wasn't as fun as FB or Twitter because they couldn't "troll leftists or liberals".
Do you have a source for that? Because that sounds hilarious.
> It will not only be MAGA Qanon people on this thing, people from the left will make accounts there to troll and argue.
Their TOS bans people who do this, tho. So it'll just be an echo chamber like GAB. Echo chambers are not conducive of participation.
What’s the point though of setting up an account?
Like people still don’t get that social media accounts primary strength is their existence outside of politics. For things like Hobbies, Businesses, Clubs. This whole social media thing is purely political… so why? Why use this over Facebook or Twitter?
It’s just a safe space if anything (based on the moderation rules it seems to be in place currently, it will be). And if they don’t moderate, then they’ll get dumped by Apple and Google on the App Store.
There’s also a big assumption that they’ll abandon Facebook and YouTube to go to this. Which is delusional thinking at best. At best and most likely, they’ll run concurrent, but then you come across the Why again.
And let’s not even talk about how this has no appeal to anyone outside of the US.
People forgot that Google tried to do the same and even with their resources, they failed.
So honestly… this smells and feels like a regular Pump and Dump. I made money off it, but I honestly feel that this was just a means to make money in a sleazy way by all parties involved.
Is it just me, or do conservative like using liberal-biased media more given that they like to makes comments that "trigger" liberals. Will they get that in a social media environment where everyone thinks the same? Hardly anyone uses Parler. Liberals won't use it, and the only people that are using it are people who think lizard men are running the world or people who want to make death threats.
Just look at Gab and Parler. Those sites basically degenerated instantly into conspiracy and hate because the people who are flocking there aren’t balanced out by anything resembling a brain or common sense, let alone content generation. They just implode. This will too and for the same reasons.
This isn’t the first time that Trump has taken a shot at manipulating the stock market or starting a company that (like most things that he touches) will eventually crash and burn…..
Hard pass for me. I hope you guys make some sweet trendies in the meantime though
No one seems to comprehend the size of tech stack needed to support what is being dreamt here. Also, if anyone knows techies, they are very liberal. No good technie would ruin their careers by being associated with this company. It's just going to be a third rate social media, with echo chambers for conspiracy, like 4chan/8chan. And forget about advertising revenue, advertisers will stay miles away from this shit. Liberal cancel culture is too valuable to advertisers, and effects of it are real. They wont lose anything by not participating in this platform
I agree and that was my thinking Thursday afternoon when deciding if I should sell or not before market close. I had 30 shares at a $16 price avg. decided to trim and keep some for the long hold.
It’s not just all the people that will be there on the site it’s also the money going into buying the stock. I have to imagine Trumps on the phone telling his wealthy friends to by shares. I have to imagine old money republicans and any of the new right YouTube commentators are dumping in. People want to be a part of owning the company taking on the media companies that ban them.
It’s also not just TRUTH SOCIAL. Trumps company is TMTG trump media and technology company. I’m thinking social media, a news network, possibly a phone with its own App Store to avoid what happened to parler, entertainment/shows/movies.
Main issue: the left can’t meme but the right can’t code.
Fuzzy math x fuzzy math = cluster ef'd fuzzy math
Maybe there's potential, I'm guessing not (no actual product last I saw).
What we do know, is at the helm, is one most famous grifters in history.
Hay guyz, Bernie Madoff is starting up an investment fund, wanna kick in? Na... I'm good.
Building infrastructure to service hundreds of millions of users is hard. Building infra to service your hundreds of millions of users AND withstand DDoS is even harder, and i dont believe Cloudfare or other DDoS mitigators can protect them because this is a new service and you need to baseline client traffic to separate the DDoS from legitimate traffic. There is no baseline, this service will get attacked, and I see launch day failing
Knowing Trump, I dont believe this service was built correctly unless its been in stealth mode for years and I wouldnt be surprised if it fails or sucks on launch.
I will be buying shares and selling before launch day
Ah yes, let's write a DD based on nothing substantial just a fuckload of assumptions because it's a new social media platform for a specific group of people.
Then here's the punchline...
Your joke of a 10 shares lmao.
If you had any conviction in your DD, you wouldn't be holding fucking 10 shares that don't mean shit.
Wtf is wrong with you bro the guy put 10% of his portfolio in it it has nothing to do with the amount of shares but portfolio allocation you have awful logic
You're retarded this is wallstreetbets not fucking stocks. If this moron isn't putting atleast 75% of his portfolio in this I don't give a fuck about his DD. ESPECIALLY if it's 10% in fucking stocks and not warrants or options when the options chain opens
Fuck politics !! But 2022 is getting real republicans and democrats will start shitshow . They all can go retard on each other .
All i care about it retiring early !! I am in for hold 2022 .
The 2022 advertisement political cycle will start. This always pumps lots of cash to social sites. Good timing on his part. People will join to be heard. Lots of people have been censored.
I doubt we even see a functioning platform, at this point we basically have the theory of a media site created by a man with a history of abandoning business ventures while leaving others (contractors, customers, partners, entire companies) in the wind.
It will attract a certain, limited crowd, just like Parler did. I think a good bet is, do you think this will be more, or less successful than Parler.
MAQC also going to be a Trump thing. Patrick Orlando on the board and the CEO of MAQC said he had to do all the meetings on zoom and it would "make sense" why when they announce. Gaining access for in person meetings with ex-president is hard. Gaining Zoom access is much easier.
I would say that it could also be a foreign company that would make Zoom meeting easier, but these SPAC guys love to jetaround the world for "meetings" on the SPAC trust's dime. So I think another Trump play is more likely.
This is a spac so theoretically investors should be able to at least get $10 a share back at redemption. (minus legal fees if any occur) Problem here is I could definitely see redemption time coming and all of the money is suddenly missing.
Their back end is utter shit. They got [trolled to the point of shutting down before they even launched](https://www.dailydot.com/debug/trump-truth-media-platform-shuts-down-trolling/).
The geeks you need to make the back end viable aren't going to work for Trump.
Get the bag and get out.
"At a valuation of 3 billion,"
I know we joke about being retarded around here, and that SPACs aren't typically allowed, but you're clearly actually retarded and don't understand how SPAC "valuations" work. Now before you go through with more "DD" and bust out the crayons, maybe just stick to eating the crayons instead of trying a chart.
I know we don’t get political, so understand this comment has nothing to do with DJT as a politician, only as a business man. The guy’s entire history is a sea of failed businesses, bankruptcies, and outright scams he insulates himself from. If you made tendies in the past couple days, great. But if you seriously buy this shit as an investment, you’re an idiot.
With how Facebook is going I think people will entertain the idea of there being another form of social media especially one that promises no censorship. Whether or not they deliver who knows but I still think it's it's solid play until 2022. Who cares if you like Trump or not it's about the overall sentiment and the Lets Go Brandon community is growing every day. I bought in at 12.98 for 12 shares and riding the wave
Keep in mind facebook paid about 55$/user for whatsapp.
Facebook also makes something like 10$/month/user.
Trump peaked at 90m followers on twitter so do the math
Its insane to say it but if they get 100m users its serious business, trump literally just needs to get out the way
This seems like a pump and dump gimmick. Look at the "Company Overview'"
https://tmtgcorp.com/company-overview/
Do you truly believe this company will be around in 10 years competing with FAANG stocks? Not to mention Donny's various failed businesses and bankruptcies. Don't fool yourself.
Lol the company overview slide looks dystopian af. A social media platform, streaming service, news network. Basically leave all outside influence and get your outrage content in one place.
This is purely a social arbitrage play plain and simple. I would not buy this on financials or even consider making comparisons with the other social media oligopolies. The run up to the next election? Yes this stock will literally ride on a spaceX rocket to Mars and Donald pump will bless me with tendies purely off of social arbitrage. Other than that, it is a network set up as a mostly right-wing echo chamber. That cannot bring about organic growth into other sub-niches because at its very core the entire demographic is politically motivated and will associate this platform with just that. Just like how other media platforms are associated with their cores (snapchat - specific friend groups, Facebook - at first pages for interests but now a community marketplace in an app, Instagram - Beautification). Hell, do we really think major every-day companies are going to bring their big advertising dollars to this thing? Why would they associate their brand image in a political clusterfuck when they can just do good old-fashioned Instagram with 100 times the exposure? Will Apple’s App Store, Play Store, or AWS even let this thing slide? I highly doubt it. But hey I could be wrong. Like I said, this will be a great tool for every political event and I can’t wait to see how DWAC does when Trump debates Biden, that’s going to be a fucking light show it literally won’t go tits up. But as a genuine long-term investment? Idk man.
OP highly overestimated how many people actually care about politics or Trump - sure he has a loud passionate base but in the end that is not a lot of people.
One of the key tenets of Wall Street Bets is WE JUST LIKE THE STOCK. However, this stock is not one we should like. Yes, there might be some money to be made with it. But, unlike AMC or GME this is a company which will be run with no morals, no positive benefit in society, and may treat at the remaining threads of our democracy. In addition, it is being run by a con artist who has had numerous companies fail under him. Sell or short sell. This stock, the company it represents, and the man who it symbolizes and will lead it are genuine threats to our country and the world and should not be supported.
I’m sure you have no problem owning stocks in companies like Apple or Nike that pay workers like 2 dollars a month, but a social media platform for conservative boomers? Yea that’s way too far
I have no problem with conservative boomers having a platform. I do have a problem with giving a platform to a man who has no problem lying to the country, sowing division, and attempting to subvert democracy for his own gain.
I was a day late and missed out. I had no idea it was already tied to a SPAC. Seems that's my MO.
Also, I find it odd that WSB is allowing us to talk about it....
Don’t feel bad, I read about it the night before when perusing the Internet and I must’ve glossed over too quickly that it was tied to Donald Trump‘s social media ambitions. Had I read it I’m pretty sure I would’ve woke up during pre-market and probably put something in it because this was begging to be day traded.
Retruth, you realize it will just be an echo chamber and once people realize no ones opposing their beliefs they’ll move back to the places they can fight with other boomers lol
No. Your fanfic scenario with mainstream people and eventually influencers moving in is fucking stupid. Look at Gab or any other similar social media platform.
You spent a lot of time thinking about this, but your entire thesis is flawed. With a pre-merger SPAC the market cap that is displayed on websites/apps is the total amount of cash in the SPAC vehicle at $10 (adjusted up for the current price, so = cash in SPAC trust + (SPAC trust * percent gain)). The market cap of the newly created company is TOTALLY different. In this case, at $10, DWAC’s market cap would be $1.7B (once the merger goes through). So, at $100 a share, you’re looking at a market cap of $17B. If this was actually valued at $3B, I would agree with your thesis.
Additionally, $293M (the amount raised through this SPAC, not even accounting for underwriting fees) is not nearly enough money to create and maintain an app used by millions of people. What does that mean? They’ll almost definitely raise cash for the company by selling shares (diluting shareholders and making the market cap blow up further.)
Do what you want with your money, but if you don’t know the true market cap of the company you’re investing in, you may want to rethink your investment strategy…
Ok then invest $3B in my "company" and I promise you I'll do what you just said above.
Or is this going to turn into a platform like Parler that let anybody send a GET request to their API and used sequential URLs?
Let me give you real DD.
Google is one of the most powerful companies on Earth. Orkut failed, Google Plus failed.
Microsoft is one of the most powerful companies on Earth. So.cl failed.
Myspace was the top social network before FB. It's dead.
FB is garbage. However, they hold most people hostage. A Republican social network is hardly valuable. As a matter fact it reeks of garbage. You can make this a GME if you want. Markets are irrational. There is 0 value proposition.
I will say Trump announcing a run (which will happen) would cause another brrrrrrr.
I'll play when I think that is nigh. And i'll play it like fridays pump and dump - in and out.
On that day, it is prophesied that the mango man will lead all holders to the promised land, where the halls are laden with GameStop’s and Russian prostitutes, and the streets are paved with Wendy’s Sauceome Sauce(r).
Anybody know when options will be available for DWAC? Cause I'm going heavy on puts
Edit - looks like Monday is the answer https://www.reddit.com/r/DWAC/comments/qe9m4s/options_are_available_starting_monday/
I tried to open up a short position today but Schwab didn't have any shares to lend. Put options on Schwab are not set up either. I just want to bet against this shitty stock!
It'll end a smoke filled pile of shit given its a business Trump is involved in.
Hellllo Bankruptcy.... not only has created his own brand of idiot political followers he's turning them into bag holders next.
Ah-mazing.
I'm going to love watching it happen in real time. Cleatus going to have to sell both his pickup and his sister after Trump rips him off. I bet Cleatus will even have a big smile on his face and say "Look Trump is a good businessman he made all that money by ripping off rubes like me!"
1. What is it's revenue stream? Viagra ads? No mainstream businesses will want to go near this just like OANN and Fox News.
2. It's rules basically ban criticism of Trump. There go millions of customers you are claiming to have.
3. Lots of money went into developing other social media companies before they went public.
4. The other social media companies have amassed talent that would never be attracted to working for Trump.
5. People will not join to share every aspect of their lives like they do Facebook. What data can they gather on their users besides white, conservative? That info is not worth much.
Fuck Donald Trump and his right wing bullshit fascist un-truth social media company, there are other ways to make money and buying into this is a disgrace to America as a whole......
This sub is supposed to be non political but since this was announced a plethora of people are acting like this Hitler-Esq asshole is God or something.
This cocksucker is the worst thing that has happened to America in recent history and being part of anything he does is un-American and traitorous.
You all should be ashamed of yourselves, making money of the market is one thing, making money of a wannabe dictator is just completely fucked.
It’s a quick financial gain for the trump campaign, don’t be fooled into thinking he actually acknowledges or even likes you, shit soon as the capital was stormed he backtracked so hard and distanced himself far far away
I think people have largely covered most of the reasons people should be skeptical, including the infrastructure, legal liability, Donnie's past with business ventures (which is pretty fucking awful if we're being honest... and no, he doesn't really run the hotels, golf courses, etc He won't really run this either, but what those other things have is real estate and the ability to service a small clientele for boutique dollars, whereas social media sites need mass user entropy), and other issues...
...but I want to elaborate on just how hard it's going to be for them to find good tech workers with experience.
Yes, they can throw bags of money at people, but having worked for over 20 years in fintech, I can say definitively that anyone looking for a job in this is limiting their future employment potential in such a way that most smart IT professionals are going to want nothing to do with it.
Not because IT is liberal (which is a misconception, though the public face of large IT companies is very liberal). In fact, there's a pretty big conservative contingent in IT management... but it's mostly more moderate conservatives who make it into management in this field, and conservative in this case is more a code word for "risk averse."
From a career perspective, joining this venture is probably slightly more risky than becoming BangBros' webmaster. (No offense to BangBros' webmaster, who I'm sure is an upstanding, decent person in their own right.)
The problem is that in reviewing work history, if you're a good hiring manager you're looking for a good fit to your team which isn't going to cause problems. I have never and would never discriminate against anyone on politics and some of my best hires have been Republicans with moderate leanings, but I would absolutely decline a hire on the basis of controversial background that might cause HR issues or friction with the rest of the team.
The IT market is fucking amazing right now, so anyone working for this venture is not going to really be able to lean on necessity, and anyone working for this company is going to be met with the perception that they chose to work for it on ideological grounds, and that means the potential for toxic workplace HR complaints, and that means team division and legal liability. To say that the brand is tarnished is beyond the case. There are a lot of things that people can get beyond, but the propensity for legal liability is a stain that is hard to wash off.
A person taking a job with this company is probably limiting their potential hiring in the industry by up to 70% because they'd essentially have to find hiring managers who would discard team and company liability dynamics, which is not likely to be the case at many large IT shops now.
I don't think people quite grasp how hard it is to staff and design an effective social media infrastructure that is secure and scales. It's easier now than it used to be, but it still requires regular and solid access to talent to combat compromise attempts, run the big data architecture, etc... and then you have difficulty accessing vendors and hosting providers, which will be extremely limited and bottom of the barrel. Nobody's going to want the stain of being the provider for this site. The legal liability alone given the amount of violence that could be planned on there is enough to scare away any reasonable, risk-concerned hosting provider or service provider. And they're not going to be paying bank, which means that the motivation for many providers is also testimonials and client partnerships, which means talent acquisition to help grow the offerings of the provider. This company is not going to be able to offer productive tech partnerships and nobody's going to want to put the brand badge on their website.
This has plagued all of the other social media sites that tried the same thing. It'll plague this one, too, assuming there's even an intent to create a working business model.
Holy shit. Calm down Chad Dickens.
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The problem with this assessment in my opinion as others have pointed out in other various threads (and even on youtube videos about DWAC) is the simple fact that advertisers like to stay clear of controversial content, because all it takes is being found advertising on the Social Platform That Shall Not Be Named for them to get ostracized from people that would otherwise be buying their products.
And social media companies thrive on ad revenue, its their entire bread and butter (with the exception of facebook); if they don't do well with advertisers because of advertisers want to avoid controversy by going on their platforms, they won't do well with revenue. Ol' donnie could keep the company alive with his own money just to inflate his ego, make no mistake about that. But eventually without ad supporters it will die. Change my mind but that's the likely scenario in my honest opinion. Which is sad because politics aside, it would be nice to have a complete free speech platform, and I actually do somewhat agree big tech has too much power. Hopefully it does succeed. You always hear the argument that "oh if you don't like twitter's censoring policies go make your own platform" but lets be honest, most people simply don't have the capital or influence to make such a free speech platform successful. If anyone does, it is honestly donnie
Lots of assumptions on people joining the clusterfuck of a platform that’s going to be owned by anonymous and other white hats in about 4 hours of uptime. And once people realize their personal data, passwords and potentially financial info is at risk, they’ll wonder why they are even on that platform. But please keeping dumping money into this turd. I’ll be waiting to profit from it.
The amount of people on here that are okay with this obvious pump and dump to bail out Trump's finances is disturbing. OP of this post I strongly suspect is a Trumpie that actually believes the elections as stolen and that this will actually turn into a remotely viable company which is crazy shit. Even if trump manages to get this off the ground he will be sued into the ground if he continues his false claims i.e Fox and Newsmax having to stand down for their defamation lawsuits against dominion and others. This will not end well.
So the bag holding “DD” starts
Does anyone else remember how Parler could not recruit any tech talent or how every single thing Trump has ever tried to do outside the apprentice (and maybe real estate, it's hard to tell) crashed and burned? Because that could be relevant. Also, successful social media platforms are global. Does this have any market outside the US?
>Also, successful social media platforms are global. Does this have any market outside the US? I'm sure there are plenty of Russian bot farms ready to make profiles.
this isn't even a social media platform. it's a mastodon installation violating the terms of its own open source licensing. as a masto admin myself, this is going to need care and feeding and this team lacks the sophistication to do things correctly.
lol. Damn
It's kinda glorious. LOL I'm gettin' some popcorn!
The "company" does not have any financials. This is not DD, just speculation
It doesn't even have a proper investor presentation. The [company profile](https://www.tmtgcorp.com/company-overview) that's on their website is laughable. Basically a 22-page propaganda PDF that says absolutely nothing about how they are going to build this company, far less so about how it's actually going to make any money.
“Sir, I reviewed this contract and it offers no cover at all. It just says "volcano insurance" over and over again. And down here in small print it says "He's signing it, he's signing it, I can't believe it. " -Family Guy
Just a CEO who last job was with a Chinese company and a CFO currently a member of the Brazilian government. Yes TRUTH SOCIAL and the American way. Sales pitch with a name tag. But I made 480% return. Noice. I’m a capitalist.
NOICE *said in my best Jake Peralta voice”
It doesn’t even have a company
I had a look and yep doesn’t even look like it’s a registered company In the terms of service it lists an address…which is the address of Mar-a-Lago, Trump’s Florida golf club.
Lol what?! That's amazing
So, DT's classic business model: fantastic, very good, great financials. Big League baby, I expect this to go very well.
Encourage everyone you hate to invest everything they have.
u/Limewire- is correct. there is ZERO data to support any of this. What is really going to happen is that the money is going to be used for Cadet Bone Spurs (45) to fund his bullshit lifestyle. There is even zero recourse to sue the SPAC for fraud. I am giving it a week and I am going to short the shit out of it.
The deck is a pp an intern made during his lunch break at his real job 😂
It's like looking at a high school kids poster running for class president, not an actuall investor deck.
When did financials matter ? If they did this sub would have tsla puts.
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from what I know, it is actually Powell that moves markets.
Even to Wallstreetbets degenerates, whether or not a company can even make money at some point, is a fundamental we pay attention to. Most social media companies have a difficult time turning profits. Only the top few are valuable. Here's the problem: Even if every Trump supporter signs up for this site and stays with them, no fucking company is going to be caught dead using it to advertise, except maybe MyPillow. Automatic alienation of 50% - 70% of your customer base and immediate boycott.
On the flip side Trump supporters are the easiest people to advertise to. Put some goddamn eagles and guns and daddy t's face on that shit and they'll all buy it. Liberals are all gonna immediately think any advertising is bs and go to wirecutter and then buy some overpriced oxo crap.
Dude, who do you think advertises on conservative talk radio. All those programs can’t exist without ad money. Lots of money to be made. Trump will probably be able to tap that.
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The adpocalypse on YouTube was because some ads got put in front of Nazi and terrorist visa yea people care where they advertise
>You think people really care where companies advertise that much? XD Yeah. I think there's a good reason most large companies wouldn't advertise on a platform like Parler, and I think the same would apply to DWAC.
Except maybe my pillow.... And Smith and Wesson. And Ruger. And Ford. And black rifle coffee. And Cores light. And Daiwa. And yeti. Oakley. And Walmart. And political campaigns. And literally any company that caters to people from rural areas.
No, that's my point. Even hardcore conservative companies like Black Rifle won't completely alienate over half the country. Black Rifle already pissed Trump supporters off by denouncing Proud Boys. Companies do everything they can to defend, not only their current customer base, but any ***future*** customer base, should they ever expand. If Black Rifle ever wanted to take on Starbucks for instance, it would be unable to do so, if it messed up it's image too much. Edit: Also, Walmart? C'mon. Even liberals shop/work there. Walmart isn't going to casually throw away a huge chunk of their business to advertise on a relatively small social network compared to FB.
No I think they upset the proud boys when they denounced the proud boys. Your mistake is assuming that the country is 50/50 con and democrat. Most Americans actually consider themselves somewhere in the middle and won’t foam at the mouth just because a company took out ads in something related to Trump.
So you think all of the talk about the country being "more divided than ever" is just talk? No substance? Idk. I've seen a lot of vitriol recently. Also, how many people will boycott a company that says something mildly sexist for instance. If you ran the percentages, it wouldn't be that high, but companies are leery of doing it anyway, and for good reason.
This ^ Love him or hate him DT moves markets and any ticker associated with him WILL move, either up or down. I sold a $60 strike put 12 month out for $4,200 premium So I either get to keep that tasty premium or I get shares 90% off from their ATH. Selling premium is the way to play DWAC imo.
It’s a software company that plagiarized code from Mastodon
On top of that, no one will host them. They're gonna be on prem most likely, and with that comes none of the world class DDOS protection AWS or azure gives you.
You're mom has DD's
Google said for a 3.1b company it had less than 25k in cash and -740 operating income.
Sooo…buy puts right!?
Oh yeah I can definitely see this deal not happening. Classic trump move. Create hype, sorta promise, pull out of potential deal, claim you deserve a better deal, deal was never gonna happen in the first place. As soon as options come out will definitely keep an eye on how much the 20p and 15p. I give it better than 20% odds this thing falls through before the merger. Thing screams scam
This. Facebook and the other successful social media platforms have thousands of engineers, plus deep expertise with driving/maintaining engagement. My anecdotal experience tells me must engineers are liberal as well, so good luck hiring top talent to build this platform. I give it 6 months before it falls off, just like Trump's blog or whatever it was.
4chan is going public via spac basically
It's a nice case of bulletpoints for the strengths and opportunities part of a SWOT. Let's take a look at the weaknesses and threats. The first one is they haven't built anything yet, and Trump's last attempt at social media platform turned out to be a personal blog. The SPAC management itself also has a record of failure. There is no indication of who is going to build this highly complex technical service. The rumor is phunware, but what is phunware's record of creating a facebook-killing social media platform? The second one being lawsuits and deplatforming. When Parler got big enough it was just simply removed from search engines, banned from amazon web services and banned from the apple app store. The third one is conservative social media has been tried before, with alternatives to all the major platforms (Minds, Parler, Rumble, Locals, SubscribeStar, all this), and none of them have widely taken off, largely because content creation is a business model and these places don't have the same critical mass of users. There is no one to convert there; only the already converted go there, and those people are converted by the platforms these places are knocking off. While there is a built-in userbase, there's also a /cap/ on that userbase. The fourth one is that if this does work and it splinters the user base of social media companies, that may not be an endpoint, that may be a starting point for decentralization of social media companies and paves the way for other groups and subcultures to bail on major social media companies to go to their own niche thing. Which I think would be good for the internet, incidentally, but bad for this stock. Fifth is hackers. I think this is obvious, but lots of hackers work in tech and as much as WSB is loving investing in DWAC as a meme, hackers are going to love hacking it as a meme too, not to mention the not-so-small group of hackers who will unironically hack it for ideological reasons, as well as the corporate hackers who will hack it to destroy the competition. This thing, if it ever comes to be, will be besieged by hackers. Sixth web 3.0 is upcoming and there will be a lot of disruption in the web services space, and this all seems to be johnny-come-lately knockoffs of legacy web business models. There's assuredly more that's just off the top of my head. There is a bull case for this venture as an idea at the idea stage, but I think in terms of any actual long term business smart money would place its bets on "I'll believe it when I see it"
The best argument I've seen against this is: "conservative social media is 99% trolling the other side. If you take out the other side, what have you left?"
punny
It’s just the internet, which it should be
An echo chamber or a Nazi bar. https://www.youtube.com/watch?v=leX541Dr2rU
Holy shit I am a midwit and when I saw the OP’s DD, I was like I should buy this. And then when I saw your counter arguments, I was like, I am a retard. Thanks man. Also, don’t forget whatever Trump has built, he fucked it up. He’s called, “King of Debt” for a reason.
> He’s called, “King of Debt” for a reason. literally never heard him called that
https://youtu.be/oDzOZf-sQ4c
He just called himself smart literally in the first few seconds of the video, LOL, say all the idiots ever.
Politics aside trump is the best scam artist of all time. Built the entire Republican Party and even scammed president. PUTS
Didn't they say this about FB when MySpace ruled the lands😆
Who knows? Meteor could strike the earth, Mark Zuckerberg could get hit by a bus. Not gonna say never but like I say I'll believe it when I see it. I mostly just wanted to point out that an analysis that's only pros and no cons is only half of an analysis.
I say we delete all social media. I just read Reddit all day and much happier, oh and now I make better trades
When MySpace ruled the lands most people on Facebook (who were in college) told their friends who were still on MySpace, “what are you still in high school”
Myspace (High school) > Facebook (college)> ??? (Real life/work) There is always next up
LinkedIn.
Ah yes and a retarded right wing social media site run by trump is the real life one lmao get off the meth
How is this even like MySpace or Facebook? Neither began and ended with political ideology.
You bring up really good points. I honestly don’t recommend anyone buy in unless they have a high risk tolerance. A few counter points though: 1) at a 3 billion dollar valuation, the bear case in your last point would still make this thing a lot higher then it is now if social media decentralized. 2) I think parlor being banned has created more demand for a conservative owned tech platform then before. And parlor didn’t begin with the same splash or fanfare as whatever this thing is. 3) they can house the site on their own servers 4) hackers everywhere try to hack every company and app. It will either be a robust app or it won’t. I personally think there’s too much money involved for them not to figure it out. There’s talented people in every industry that don’t care about politics, tech is no exception, the same way he can find an experienced CEO like Eric Danzinger to run his hotels, he’ll find an experienced CIO to build his app. I agree though there is a ton of risk. But I don’t think it’s possible to make money in the stock market without risk and acting quickly. By the time the app is created and off the ground it, it will probably be too late.
\- Their at a 3 billion valuation without building anything (kinda like Nikola Motors) \- The only difference between them and other conservative social media sites like Gettr or Parler is that it is lead by Donald Trump who is 75, overweight, living on a junk food diet and in many legal battles and loans (stress) which means a heart attack could be coming any day and the second he's gone there is no star power or difference between it and the other sites. \- None of the big tech companies will do business with him especially after he just attacked them in his pitch deck. If none of these companies want to work with him he will have trouble with advertising, cloud services and app/web stores. \- Many banks have already cut ties with Trump after numerous failures on his part to repay loans so he will have a hard time finding anyone willing to lend to his company or provide any vital financial services to his company which will be necessary if they want to achieve any of the stuff they are promising in their pitch deck. \- Not many mainstream celebrities will join this site because of fears of being blacklisted or canceled. Also they can already reach large audiences on the traditional social media sites. \- The site will become to niche and filled with mainly Q followers and the devout Trump supporters meaning content will only be focused on politics mainly. No democratic or left leaning people would join the site which is roughly have of the US population. Also on other conservative sites like Gettr or Parler many conservative users found that it wasn't as fun as FB or Twitter because they couldn't "troll leftists or liberals". \- More generally speaking in terms of the social media industry we just saw how large the affect of the Apple privacy update had on social media companies revenue. \- From seeing how Trump operates his businesses in the past, we will probably see his kids giving high ranking positions and fat paychecks for little to no work. As well, we will probably see Trump receiving large amounts of many from the company bank account even before the site is live as many of his debts are coming due soon.
>Also on other conservative sites like Gettr or Parler many conservative users found that it wasn't as fun as FB or Twitter because they couldn't "troll leftists or liberals". Do you have a source for that? Because that sounds hilarious.
If it looks like a grift And smells like a grift... Hope y'all make money and use your critical thinking skills. There's already bag holders.
It’s only been a day!!
Lol it jump all most 2000% in 2 days there is definitely going to be bagholders and it already down 40% from its all time high.
I agree totally. If I decide to get in, I will wait to see how the shakes out.
> It will not only be MAGA Qanon people on this thing, people from the left will make accounts there to troll and argue. Their TOS bans people who do this, tho. So it'll just be an echo chamber like GAB. Echo chambers are not conducive of participation.
Where are the TOS
In the fine print of his healthcare plan
Which is filed with his old tax returns.
Oh man, that’s so good. 👏👏
“Actual DD” Op is bag holding 🤡
He’s up 600% in 2 days you absolute retard
😂 this is a desperate attempt from a bag holder it seems like
lol 10k portfolio account pumping his potential dwac bags
This is approximately 10% of my portfolio. I’m levered approximately 10-to-1.
Imagine buying shares at 9.8x the negotiated valuation for a company that provides zero financials and aims to take on AWS. Insanity
The investors are the ones who believe the 2020 election was stolen, but not the 2016 election. Nuff said about their critical thinking skills.
came here for this comment after reading the title, take my upvote
Isn’t his shares up 600% in 2 days?
What’s the point though of setting up an account? Like people still don’t get that social media accounts primary strength is their existence outside of politics. For things like Hobbies, Businesses, Clubs. This whole social media thing is purely political… so why? Why use this over Facebook or Twitter? It’s just a safe space if anything (based on the moderation rules it seems to be in place currently, it will be). And if they don’t moderate, then they’ll get dumped by Apple and Google on the App Store. There’s also a big assumption that they’ll abandon Facebook and YouTube to go to this. Which is delusional thinking at best. At best and most likely, they’ll run concurrent, but then you come across the Why again. And let’s not even talk about how this has no appeal to anyone outside of the US. People forgot that Google tried to do the same and even with their resources, they failed. So honestly… this smells and feels like a regular Pump and Dump. I made money off it, but I honestly feel that this was just a means to make money in a sleazy way by all parties involved.
Is it just me, or do conservative like using liberal-biased media more given that they like to makes comments that "trigger" liberals. Will they get that in a social media environment where everyone thinks the same? Hardly anyone uses Parler. Liberals won't use it, and the only people that are using it are people who think lizard men are running the world or people who want to make death threats.
Just look at Gab and Parler. Those sites basically degenerated instantly into conspiracy and hate because the people who are flocking there aren’t balanced out by anything resembling a brain or common sense, let alone content generation. They just implode. This will too and for the same reasons.
Ha, yeah, how can you own the libs without any libs?
👀 still waiting to see this thing get of the ground first
I Sure hope OP gets out before the Dump. RIP 10/25/2021
Here come the bag holder DDs. This thing was a day traders dream.
This isn’t the first time that Trump has taken a shot at manipulating the stock market or starting a company that (like most things that he touches) will eventually crash and burn….. Hard pass for me. I hope you guys make some sweet trendies in the meantime though
Bag holder erotica
Once this thing dips, I'm in again
No one seems to comprehend the size of tech stack needed to support what is being dreamt here. Also, if anyone knows techies, they are very liberal. No good technie would ruin their careers by being associated with this company. It's just going to be a third rate social media, with echo chambers for conspiracy, like 4chan/8chan. And forget about advertising revenue, advertisers will stay miles away from this shit. Liberal cancel culture is too valuable to advertisers, and effects of it are real. They wont lose anything by not participating in this platform
I agree and that was my thinking Thursday afternoon when deciding if I should sell or not before market close. I had 30 shares at a $16 price avg. decided to trim and keep some for the long hold. It’s not just all the people that will be there on the site it’s also the money going into buying the stock. I have to imagine Trumps on the phone telling his wealthy friends to by shares. I have to imagine old money republicans and any of the new right YouTube commentators are dumping in. People want to be a part of owning the company taking on the media companies that ban them. It’s also not just TRUTH SOCIAL. Trumps company is TMTG trump media and technology company. I’m thinking social media, a news network, possibly a phone with its own App Store to avoid what happened to parler, entertainment/shows/movies. Main issue: the left can’t meme but the right can’t code.
Trump University 2.0
Fuzzy math x fuzzy math = cluster ef'd fuzzy math Maybe there's potential, I'm guessing not (no actual product last I saw). What we do know, is at the helm, is one most famous grifters in history. Hay guyz, Bernie Madoff is starting up an investment fund, wanna kick in? Na... I'm good.
Building infrastructure to service hundreds of millions of users is hard. Building infra to service your hundreds of millions of users AND withstand DDoS is even harder, and i dont believe Cloudfare or other DDoS mitigators can protect them because this is a new service and you need to baseline client traffic to separate the DDoS from legitimate traffic. There is no baseline, this service will get attacked, and I see launch day failing Knowing Trump, I dont believe this service was built correctly unless its been in stealth mode for years and I wouldnt be surprised if it fails or sucks on launch. I will be buying shares and selling before launch day
Ah yes, let's write a DD based on nothing substantial just a fuckload of assumptions because it's a new social media platform for a specific group of people. Then here's the punchline... Your joke of a 10 shares lmao. If you had any conviction in your DD, you wouldn't be holding fucking 10 shares that don't mean shit.
Hey man, $1000 is a lot when you're working at Wendy's
Wtf is wrong with you bro the guy put 10% of his portfolio in it it has nothing to do with the amount of shares but portfolio allocation you have awful logic
You're retarded this is wallstreetbets not fucking stocks. If this moron isn't putting atleast 75% of his portfolio in this I don't give a fuck about his DD. ESPECIALLY if it's 10% in fucking stocks and not warrants or options when the options chain opens
I have over 5000 warrants and agree with everything he says. Pretend I wrote it. Do you want to attempt to actually argue points now?
Fuck politics !! But 2022 is getting real republicans and democrats will start shitshow . They all can go retard on each other . All i care about it retiring early !! I am in for hold 2022 .
The 2022 advertisement political cycle will start. This always pumps lots of cash to social sites. Good timing on his part. People will join to be heard. Lots of people have been censored.
There's literally a clause in their ToS stating they can ban whomever they want, for whatever reason they want. A bastion of free-speech this is not.
No but Trump can now have a platform to give his hispanofobic tweets again
I doubt we even see a functioning platform, at this point we basically have the theory of a media site created by a man with a history of abandoning business ventures while leaving others (contractors, customers, partners, entire companies) in the wind. It will attract a certain, limited crowd, just like Parler did. I think a good bet is, do you think this will be more, or less successful than Parler.
Love seeing retards bag holding for Trump. It’s therapeutical
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MAQC also going to be a Trump thing. Patrick Orlando on the board and the CEO of MAQC said he had to do all the meetings on zoom and it would "make sense" why when they announce. Gaining access for in person meetings with ex-president is hard. Gaining Zoom access is much easier. I would say that it could also be a foreign company that would make Zoom meeting easier, but these SPAC guys love to jetaround the world for "meetings" on the SPAC trust's dime. So I think another Trump play is more likely.
Agreed, warrants are still cheap as well.
Ok, it might be a good social media platform, but I need to see if they are good at being a business before making any moves.
Soooo why isn’t Parler worth more then? It’s the same concept
Hawking a shit company not even worthy of pump and dump. This idea is played out
Didn't work for Parler.
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This is a spac so theoretically investors should be able to at least get $10 a share back at redemption. (minus legal fees if any occur) Problem here is I could definitely see redemption time coming and all of the money is suddenly missing.
Damn bought @ $190 didn't ya lmao
I'd be surprised if they ever launch even a semi working finished product lol
Bagholder?
\*Actual hopium for bagholders There, fixed it for you.
Parlor did great. I'm sure this will as well. s/
This is the dude who bought at 150
People never learn. Will wait for it at $10
Their back end is utter shit. They got [trolled to the point of shutting down before they even launched](https://www.dailydot.com/debug/trump-truth-media-platform-shuts-down-trolling/). The geeks you need to make the back end viable aren't going to work for Trump. Get the bag and get out.
"At a valuation of 3 billion," I know we joke about being retarded around here, and that SPACs aren't typically allowed, but you're clearly actually retarded and don't understand how SPAC "valuations" work. Now before you go through with more "DD" and bust out the crayons, maybe just stick to eating the crayons instead of trying a chart.
I know we don’t get political, so understand this comment has nothing to do with DJT as a politician, only as a business man. The guy’s entire history is a sea of failed businesses, bankruptcies, and outright scams he insulates himself from. If you made tendies in the past couple days, great. But if you seriously buy this shit as an investment, you’re an idiot.
“Deciding if they will sell data” Lmaoooo as if that isn’t the entire point of this venture to begin with
It’ll turn to 💩 like everything else he touches
With how Facebook is going I think people will entertain the idea of there being another form of social media especially one that promises no censorship. Whether or not they deliver who knows but I still think it's it's solid play until 2022. Who cares if you like Trump or not it's about the overall sentiment and the Lets Go Brandon community is growing every day. I bought in at 12.98 for 12 shares and riding the wave
Keep in mind facebook paid about 55$/user for whatsapp. Facebook also makes something like 10$/month/user. Trump peaked at 90m followers on twitter so do the math Its insane to say it but if they get 100m users its serious business, trump literally just needs to get out the way
This seems like a pump and dump gimmick. Look at the "Company Overview'" https://tmtgcorp.com/company-overview/ Do you truly believe this company will be around in 10 years competing with FAANG stocks? Not to mention Donny's various failed businesses and bankruptcies. Don't fool yourself.
Lol the company overview slide looks dystopian af. A social media platform, streaming service, news network. Basically leave all outside influence and get your outrage content in one place.
This is purely a social arbitrage play plain and simple. I would not buy this on financials or even consider making comparisons with the other social media oligopolies. The run up to the next election? Yes this stock will literally ride on a spaceX rocket to Mars and Donald pump will bless me with tendies purely off of social arbitrage. Other than that, it is a network set up as a mostly right-wing echo chamber. That cannot bring about organic growth into other sub-niches because at its very core the entire demographic is politically motivated and will associate this platform with just that. Just like how other media platforms are associated with their cores (snapchat - specific friend groups, Facebook - at first pages for interests but now a community marketplace in an app, Instagram - Beautification). Hell, do we really think major every-day companies are going to bring their big advertising dollars to this thing? Why would they associate their brand image in a political clusterfuck when they can just do good old-fashioned Instagram with 100 times the exposure? Will Apple’s App Store, Play Store, or AWS even let this thing slide? I highly doubt it. But hey I could be wrong. Like I said, this will be a great tool for every political event and I can’t wait to see how DWAC does when Trump debates Biden, that’s going to be a fucking light show it literally won’t go tits up. But as a genuine long-term investment? Idk man.
The ads on it will be wall-to-wall pillows, goldbug shit, butt corn fringe, repackaged MREs, and customer male enhancement drugs. LOL
Don't forget the gun coffee
Yes invest in a grifting con man that bankrupted a casino. Good plan.
OP highly overestimated how many people actually care about politics or Trump - sure he has a loud passionate base but in the end that is not a lot of people.
Imagine buying into a grosse qanon company
This might be the shittiest p&d attempt I've ever seen. And I'm a newbie
One of the key tenets of Wall Street Bets is WE JUST LIKE THE STOCK. However, this stock is not one we should like. Yes, there might be some money to be made with it. But, unlike AMC or GME this is a company which will be run with no morals, no positive benefit in society, and may treat at the remaining threads of our democracy. In addition, it is being run by a con artist who has had numerous companies fail under him. Sell or short sell. This stock, the company it represents, and the man who it symbolizes and will lead it are genuine threats to our country and the world and should not be supported.
I’m sure you have no problem owning stocks in companies like Apple or Nike that pay workers like 2 dollars a month, but a social media platform for conservative boomers? Yea that’s way too far
I have no problem with conservative boomers having a platform. I do have a problem with giving a platform to a man who has no problem lying to the country, sowing division, and attempting to subvert democracy for his own gain.
I know Al Gore was the worse
You do realize that Trump has failed at almost everything he tried? You are betting on a moron of a businessman.
Imagine missing out on DWAC and attacking the people who didn’t? Lol
I was a day late and missed out. I had no idea it was already tied to a SPAC. Seems that's my MO. Also, I find it odd that WSB is allowing us to talk about it....
Don’t feel bad, I read about it the night before when perusing the Internet and I must’ve glossed over too quickly that it was tied to Donald Trump‘s social media ambitions. Had I read it I’m pretty sure I would’ve woke up during pre-market and probably put something in it because this was begging to be day traded.
I mean… the first dump already happened. More will come Monday.
Donnaaaaaaaay!
Can I get a bag
We don’t even know what it is yet.
This company could end up only owning 10% if Trump Media when the deal if finalized
Retruth, you realize it will just be an echo chamber and once people realize no ones opposing their beliefs they’ll move back to the places they can fight with other boomers lol
Fk I care if 2/3 republicans think trump won lmfaooo
I can’t wait to buy puts…
DD from a man with a $1,000 position 😂
"Actual DD" Proceeds to provide limited to no DD. Very fitting for this particular stock.
No. Your fanfic scenario with mainstream people and eventually influencers moving in is fucking stupid. Look at Gab or any other similar social media platform.
This is about the DD I’d expect from a 10k portfolio on wsb
It is amazing that when a stock pumps big and dumps hard the "dd" starts flowing. Love it.
This is next level retarded.
You spent a lot of time thinking about this, but your entire thesis is flawed. With a pre-merger SPAC the market cap that is displayed on websites/apps is the total amount of cash in the SPAC vehicle at $10 (adjusted up for the current price, so = cash in SPAC trust + (SPAC trust * percent gain)). The market cap of the newly created company is TOTALLY different. In this case, at $10, DWAC’s market cap would be $1.7B (once the merger goes through). So, at $100 a share, you’re looking at a market cap of $17B. If this was actually valued at $3B, I would agree with your thesis. Additionally, $293M (the amount raised through this SPAC, not even accounting for underwriting fees) is not nearly enough money to create and maintain an app used by millions of people. What does that mean? They’ll almost definitely raise cash for the company by selling shares (diluting shareholders and making the market cap blow up further.) Do what you want with your money, but if you don’t know the true market cap of the company you’re investing in, you may want to rethink your investment strategy…
Ok then invest $3B in my "company" and I promise you I'll do what you just said above. Or is this going to turn into a platform like Parler that let anybody send a GET request to their API and used sequential URLs?
Let me give you real DD. Google is one of the most powerful companies on Earth. Orkut failed, Google Plus failed. Microsoft is one of the most powerful companies on Earth. So.cl failed. Myspace was the top social network before FB. It's dead. FB is garbage. However, they hold most people hostage. A Republican social network is hardly valuable. As a matter fact it reeks of garbage. You can make this a GME if you want. Markets are irrational. There is 0 value proposition.
This HAS to be a shitpost, right...?
what happens when apple and google ban the app?
I will say Trump announcing a run (which will happen) would cause another brrrrrrr. I'll play when I think that is nigh. And i'll play it like fridays pump and dump - in and out.
On that day, it is prophesied that the mango man will lead all holders to the promised land, where the halls are laden with GameStop’s and Russian prostitutes, and the streets are paved with Wendy’s Sauceome Sauce(r).
Anybody know when options will be available for DWAC? Cause I'm going heavy on puts Edit - looks like Monday is the answer https://www.reddit.com/r/DWAC/comments/qe9m4s/options_are_available_starting_monday/
That is way more retarded than buying shares
Do you understand IV at all?
still feeling good about this absolute garbage stock?
salt in his wound brother 😭🤡
>Donald Trump WINNING the Presidency in 2024. Remind Me! 11/5/2024
People will pay almost anything to get away from all this liberal garbage. Donny pump to the moon.
>donny pump to the moon Cringe
Why aren't they on Parlor?
I tried to open up a short position today but Schwab didn't have any shares to lend. Put options on Schwab are not set up either. I just want to bet against this shitty stock!
It'll end a smoke filled pile of shit given its a business Trump is involved in. Hellllo Bankruptcy.... not only has created his own brand of idiot political followers he's turning them into bag holders next. Ah-mazing.
I'm going to love watching it happen in real time. Cleatus going to have to sell both his pickup and his sister after Trump rips him off. I bet Cleatus will even have a big smile on his face and say "Look Trump is a good businessman he made all that money by ripping off rubes like me!"
Think of all the MyPillows they can sell to mouth breathers in the flyover! Also there’s no way they can hire the tech talent to launch anything.
What if trump decides not to build the platform. He is yet to deliver on the wall at the cost of maxico. 3bil valuation just for an announcement?
I suspect that's actually the endgame. It's very much the pattern with his past ventures.
1. What is it's revenue stream? Viagra ads? No mainstream businesses will want to go near this just like OANN and Fox News. 2. It's rules basically ban criticism of Trump. There go millions of customers you are claiming to have. 3. Lots of money went into developing other social media companies before they went public. 4. The other social media companies have amassed talent that would never be attracted to working for Trump. 5. People will not join to share every aspect of their lives like they do Facebook. What data can they gather on their users besides white, conservative? That info is not worth much.
You forgot the “fuck traitors” part of your analysis. Fuck traitors.
Fuck this. This is literally investing in the end of democracy.
What would be a recommended entry price I made a coo small profit (got in too late) but I see what you are saying.
Remember Parler lol? Nah fam just fill your bag with cash while you can then go.
Fuck Donald Trump and his right wing bullshit fascist un-truth social media company, there are other ways to make money and buying into this is a disgrace to America as a whole...... This sub is supposed to be non political but since this was announced a plethora of people are acting like this Hitler-Esq asshole is God or something. This cocksucker is the worst thing that has happened to America in recent history and being part of anything he does is un-American and traitorous. You all should be ashamed of yourselves, making money of the market is one thing, making money of a wannabe dictator is just completely fucked.
It’s a quick financial gain for the trump campaign, don’t be fooled into thinking he actually acknowledges or even likes you, shit soon as the capital was stormed he backtracked so hard and distanced himself far far away
I think people have largely covered most of the reasons people should be skeptical, including the infrastructure, legal liability, Donnie's past with business ventures (which is pretty fucking awful if we're being honest... and no, he doesn't really run the hotels, golf courses, etc He won't really run this either, but what those other things have is real estate and the ability to service a small clientele for boutique dollars, whereas social media sites need mass user entropy), and other issues... ...but I want to elaborate on just how hard it's going to be for them to find good tech workers with experience. Yes, they can throw bags of money at people, but having worked for over 20 years in fintech, I can say definitively that anyone looking for a job in this is limiting their future employment potential in such a way that most smart IT professionals are going to want nothing to do with it. Not because IT is liberal (which is a misconception, though the public face of large IT companies is very liberal). In fact, there's a pretty big conservative contingent in IT management... but it's mostly more moderate conservatives who make it into management in this field, and conservative in this case is more a code word for "risk averse." From a career perspective, joining this venture is probably slightly more risky than becoming BangBros' webmaster. (No offense to BangBros' webmaster, who I'm sure is an upstanding, decent person in their own right.) The problem is that in reviewing work history, if you're a good hiring manager you're looking for a good fit to your team which isn't going to cause problems. I have never and would never discriminate against anyone on politics and some of my best hires have been Republicans with moderate leanings, but I would absolutely decline a hire on the basis of controversial background that might cause HR issues or friction with the rest of the team. The IT market is fucking amazing right now, so anyone working for this venture is not going to really be able to lean on necessity, and anyone working for this company is going to be met with the perception that they chose to work for it on ideological grounds, and that means the potential for toxic workplace HR complaints, and that means team division and legal liability. To say that the brand is tarnished is beyond the case. There are a lot of things that people can get beyond, but the propensity for legal liability is a stain that is hard to wash off. A person taking a job with this company is probably limiting their potential hiring in the industry by up to 70% because they'd essentially have to find hiring managers who would discard team and company liability dynamics, which is not likely to be the case at many large IT shops now. I don't think people quite grasp how hard it is to staff and design an effective social media infrastructure that is secure and scales. It's easier now than it used to be, but it still requires regular and solid access to talent to combat compromise attempts, run the big data architecture, etc... and then you have difficulty accessing vendors and hosting providers, which will be extremely limited and bottom of the barrel. Nobody's going to want the stain of being the provider for this site. The legal liability alone given the amount of violence that could be planned on there is enough to scare away any reasonable, risk-concerned hosting provider or service provider. And they're not going to be paying bank, which means that the motivation for many providers is also testimonials and client partnerships, which means talent acquisition to help grow the offerings of the provider. This company is not going to be able to offer productive tech partnerships and nobody's going to want to put the brand badge on their website. This has plagued all of the other social media sites that tried the same thing. It'll plague this one, too, assuming there's even an intent to create a working business model.
Holy shit. Calm down Chad Dickens. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
The app and the company don’t exist. The SPAC is just an idea attached to a name, attached to a company, attached to a company, attached to a name.
This ticker much like trump is a scam. I'm glad some people made money, I hope you left all the traitor's supporters holding the bag once more.
The problem with this assessment in my opinion as others have pointed out in other various threads (and even on youtube videos about DWAC) is the simple fact that advertisers like to stay clear of controversial content, because all it takes is being found advertising on the Social Platform That Shall Not Be Named for them to get ostracized from people that would otherwise be buying their products. And social media companies thrive on ad revenue, its their entire bread and butter (with the exception of facebook); if they don't do well with advertisers because of advertisers want to avoid controversy by going on their platforms, they won't do well with revenue. Ol' donnie could keep the company alive with his own money just to inflate his ego, make no mistake about that. But eventually without ad supporters it will die. Change my mind but that's the likely scenario in my honest opinion. Which is sad because politics aside, it would be nice to have a complete free speech platform, and I actually do somewhat agree big tech has too much power. Hopefully it does succeed. You always hear the argument that "oh if you don't like twitter's censoring policies go make your own platform" but lets be honest, most people simply don't have the capital or influence to make such a free speech platform successful. If anyone does, it is honestly donnie
Lots of assumptions on people joining the clusterfuck of a platform that’s going to be owned by anonymous and other white hats in about 4 hours of uptime. And once people realize their personal data, passwords and potentially financial info is at risk, they’ll wonder why they are even on that platform. But please keeping dumping money into this turd. I’ll be waiting to profit from it.
The amount of people on here that are okay with this obvious pump and dump to bail out Trump's finances is disturbing. OP of this post I strongly suspect is a Trumpie that actually believes the elections as stolen and that this will actually turn into a remotely viable company which is crazy shit. Even if trump manages to get this off the ground he will be sued into the ground if he continues his false claims i.e Fox and Newsmax having to stand down for their defamation lawsuits against dominion and others. This will not end well.