Trump-Linked Truth Social Rolls Out Worldwide While Twitter Grapples With Musk's View Limits, DWAC Stock Rises
Portfolio Pulse from Ananya Gairola
Truth Social, the social media platform owned by Trump Media & Technology Group (TMTG), is now available for download worldwide. This comes amidst controversy surrounding Elon Musk's recent changes to Twitter. Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check company, is expected to merge with TMTG. Meanwhile, Meta Platforms Inc. (NASDAQ:META) is preparing to launch its Twitter clone, Threads.
July 03, 2023 | 10:12 am
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POSITIVE IMPACT
Digital World Acquisition Corp (DWAC) is expected to merge with Trump Media & Technology Group (TMTG), owner of Truth Social. The global availability of Truth Social could potentially increase the value of DWAC.
The global availability of Truth Social could attract more users to the platform, potentially increasing its value. As DWAC is expected to merge with TMTG, this could positively impact DWAC's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta Platforms Inc. (NASDAQ:META) is preparing to launch its Twitter clone, Threads. This could potentially increase competition in the social media market.
The launch of Threads could potentially increase competition in the social media market. However, it's uncertain how this will impact Meta's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60