WallStreetBets Is Buzzing About Digital World Stock Ahead Of Trump Media's First Trade Under DJT Ticker
Portfolio Pulse from Erica Kollmann
Digital World Acquisition Corp. (NASDAQ:DWAC) has completed its business combination with Trump Media & Technology Group Corp., setting the stage for Trump Media to begin trading on the Nasdaq under the ticker DJT. Despite generating $3.3 million in revenue and incurring $49 million in losses over the first nine months of 2023, TMTG could be valued at up to $8.6 billion. The valuation and future prospects of the company are hot topics on WallStreetBets, with opinions divided on its worth and potential, especially in light of a possible Trump election win.
March 25, 2024 | 9:17 pm
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Digital World Acquisition Corp. (DWAC) has completed its merger with Trump Media & Technology Group, with TMTG set to trade under the ticker DJT. Despite significant losses, the company's potential valuation and the buzz on WallStreetBets could influence its stock price.
The completion of the merger and the subsequent listing under the ticker DJT are significant milestones for DWAC, likely attracting investor attention and potentially driving up the stock price in the short term. The high valuation despite losses and the divided opinion among investors, especially on platforms like WallStreetBets, add to the volatility and potential for price movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100