truth social stock

Truth Social Stock IPO: Can You Buy Stock in Trump’s New Social Media?

The following guide answers the question: Can you Buy Truth Social Stock?

Just like Undervalued Stocks, this new social media company founded by Donald Trump could be an enormously profitable investment center.      

As technology has progressed, the number of social media platforms has increased, which created even more specialized niche ways of accessing social media and seemed to also enhance this desired autonomy.

But what users did not understand was that as these platforms grew, the rules began to change.

Gab social media and Meta are popular examples of this.

While social media platforms were once open and free to use, today they have increased restrictions and have started banning users from their platforms under the loosely created guise of “violation of terms and conditions.”

Truth Social is the newest social media platform that promises to provide users with the sovereignty the social media Goliaths once offered.

With former President of the United States Donald Trump leading the production of this platform, it will have all of the star power, media attention, and funding to allow it to compete with the likes of Facebook, Twitter, Instagram, and even Twitch.

We explore this question of buying Truth Social Stock below. If IPOs interest you, check out our list of the Best Upcoming IPOs.

What is Truth Social?

Truth Social is a new social media platform that is being spearheaded by former President Donald Trump.

can you buy truth social stock

This platform has promised to differentiate itself from other popular social media outlets by devoting itself to offering an “open, free, and honest global conversation without discriminating against political ideology.”

This social media platform will be set up similarly to the Twitter layout. Posts on the platform will be referred to as ‘Truths.’ Shared posts will be called ‘Re-Truths.’

Both of these will make up the newsfeed, which will be referred to as the ‘Truth Feed.’

truth social stock ipo

Truth Social History

Former President of the United States Donald Trump was banned from YouTube, Facebook, and Twitter following his response to January 6, 2021, U.S. Capitol attack.

Following these social media platforms banning him, most notably Twitter where the former President had amassed over 89 million followers, he proposed launching a social media platform of his own. But remained unusually quiet regarding the specifics of this proposal.

Truth Social History

The idea turned into a reality as the merger of Trump Media & Technology Group merged with Digital World Acquisition Corporation to form the social media platform, Truth Social.

A merger that values Trump Media & Technology Group at $875 million.

The platform was announced on October 20, 2021, by the Trump Media & Technology Group with a limited beta to be released in November 2021 and a full launch expected in 2022.

 

Controversies

Hours after the Trump Media & Technology Group announced the Truth Social platform, a URL was dispersed by internet hackers giving those who obtained the link early access to the platform.

These early users who registered accounts trolled the site by creating parody accounts and other comedic content before the link was eventually taken down.

If Truth Social is launched with its current software, there is the potential it could violate the AGPLv3 license from its free and open-source software, called Mastodon.

Truth Social’s version of Mastodon removes polls and visibility options, while Mastodon requires any derivative source code to be publicly available.

Truth Social Stock IPO?

You cannot buy stock directly in Truth Social; however, you can purchase stock from Digital World Acquisition Group (NASDAQ: DWAC) due to its merger with Trump Media & Technology.

digital world acquisition corp

Truth Social Stock – Estimated Value

Since Truth Social is not currently a publicly-traded social media platform, there is not a price to report on how much a single stock in the company would cost.

The most accurate way to determine an initial IPO price would be to compare it to other social media companies.

We can use the IPO opening price of similar social media companies to get a range of what to expect for a price when the company does go public.

Twitter

  • Opening Price of Stock: $26.00
  • Previous 52 Week High: $80.75
  •  

twitter stock

Facebook

  • Opening Price of Stock: $38.00
  • Previous 52 Week High: $384.33
  •  

facebook stock

Pinterest

  • Opening Price of Stock: $19.00
  • Previous 52 Week High: $89.90
  •  

pinterest

Alphabet, Inc.

  • Opening Price of Stock: $85.00
  • Previous 52 Week High: $2,936.41
  •  

alphabet

Snap, Inc.

  • Opening Price of Stock: $17.00
  • Previous 52 Week High: $83.34
  •  

snap stock

Bumble

  • Opening Price of Stock: $43.00
  • Previous 52 Week High: $84.80
  •  

bumble

Match Group, Inc.

  • Opening Price of Stock: $12.00
  • Previous 52 Week High: $182.00
  •  

match stock

With a social media platform that differentiates itself from its competition by promising users both a free and open experience and the enormous following former President Donal Trump still has even after leaving office, one could infer that if Truth Social ever does go public, the price of their IPO could fall somewhere within the opening prices above.

Therefore, it would be safe to assume that its IPO opening price could range from $15 – $85.

Whereas the potential growth of a single share of stock could reach between $80 – $3,000 when analyzing the previous 52-week highs of companies operating in the same sector.

Parent Company

Digital World Acquisition Corporation (DWAC) became a publicly-traded company with its Special Purpose Acquisition Company (SPAC) Initial Public Offering (IPO) on the NASDAQ on July 8, 2020.

Initially, there were 25 million units available for purchase that were priced at $10 each.

On October 21, 2021, the stock hit its all-time high as it rose 400% when it reached $52.00 per share, but ended the day trading at $35.54.

truth social stock parent company

Alternative Investments

So, you can’t buy stock in Truth Social, but you’re determined to buy equity in another social media company. What are some of your alternative options?

  • Twitter (TWTR)
  • Pinterest (PINS)
  • Alphabet, Inc. (GOOG)
  • Facebook, Inc. (FB)
  • Bumble (BMBL)
  • Match Group, Inc. (MTCH)
  • Snap, Inc. (SNAP)
  • NetEase, Inc. (NTES)
  • Spotify Technology, Inc. (SPOT)
  • Tencent (TCEHY)
  • Zoom Video (ZM)

Can You Buy Stock in Truth Social?

Can You Buy Stock in Truth Social?

It is a great question to ask because this social media platform could be an enormously profitable investment center.

Especially when you take into account the continued growth and expansion of the social media industry, the loyal fanbase former President Donald Trump commands, and the ability of Trump Media & Technology to draw on the funds acquired by Digital World Acquisition Corporation due to their IPO.

No, you cannot buy stock directly in Truth Social; however, you can purchase stock from Digital World Acquisition Group (DWAC) due to its merger with Trump Media & Technology. 

Frequently Asked Questions

Can You Buy Truth Social Stock?

No, you can’t buy stock in Truth Social as this new social media company is owned by Digital World Acquisition Corporation (DWAC).

When is the Truth Social Stock IPO?

Truth Social has not filed for an IPO, as they are owned by a parent company.

How Much Will Truth Social Stock Cost?

Although Truth Social has not filed for an IPO, would be safe to assume that its IPO opening price would fall somewhere in the $15 to $85 range.

Who Owns Truth Social?

Truth Social is owned by Digital World Acquisition Corporation.