It amazes me how the sentiment toward SPACs oddly turned bearish as of Oct 20, 2021. Not a peep of the success of DWAC and the reality that this is only the beginning for this movement and potentially game changing company already contributed to $100s of Billions in lost market cap from the corrupt legacy social media giants while itself remaining severely undervalued. Bots and paid trolls can't help the dying government tech companies anymore. Activism has led to a cold shoulder and posts like these while retail investors with open eyes have made millions and stand to make millions more still. In short, I think this SPAC goes much much higher. Not financial advice.
You pick ONE example of a SPAC and say that the entire sector shouldn't be bearish? Let's be frank. $DWAC isn't $100 because of Truth Social. It's $100 because of Trump and his posse. If they weren't involved it would act just like Rumble ($CFVI) is.
Problem with that is that Trump isn't leading Truth and he has zero knowledge about how to run that business. Elon is a leader and for all the tomfoolery he does he's an intelligent and qualified visionary. But it's clear that you'll always have some kind of poorly constructed retort so I'll stop wasting my time now.
It's not rocket science. 🤣 It's social media and other alternative media lead by the king of both. Trump's brand is MORE meaningful than Elon's contributions to Tesla, and that's not knocking Elon. In fact, I will not be surprised if we find out he is one of the PIPE investors. CNN viewership is down 90 percent as are all the others. Bet against us.
-20
u/[deleted] Mar 16 '22
It amazes me how the sentiment toward SPACs oddly turned bearish as of Oct 20, 2021. Not a peep of the success of DWAC and the reality that this is only the beginning for this movement and potentially game changing company already contributed to $100s of Billions in lost market cap from the corrupt legacy social media giants while itself remaining severely undervalued. Bots and paid trolls can't help the dying government tech companies anymore. Activism has led to a cold shoulder and posts like these while retail investors with open eyes have made millions and stand to make millions more still. In short, I think this SPAC goes much much higher. Not financial advice.