re: I thought Truth Social was going to fail?

Not sure people on this thread completely understand what exactly took place. A SPAC that trades under the symbol $DWAC is taking Truth Social public and the expected value of the shares should net Trump a certain amount of dollars. He can’t sell until after the legally prescribed holding period.
$DWAC was trading at $50 in January before dropping to $38 recently. $DWAC will be changing its symbol to $DJT soon.
Has anyone here bought any $DWAC? Why not if it’s a guaranteed winner? My guess is it hits $10 before it hits $100. As a publicly traded company it has to give audited quarterly reports. We’ll see what sort of revenue Truth Social really generates. My guess is the NFT trading cards will be worth more than shares of DJT down the road.
MAGA people could buy and hold the shares which could make shorting the stock a dangerous move, but you don’t really meet any MAGA folks who have financial investments.