There are 30M shares, plus whatever amount will be exercised in the warrants (up to 25M ish?). The initial valuation is 1.7B, so that's $31-57 per share to start.
Facebook, which is a similar platform is currently selling for $340 ish per share, but it has almost 3 billion shares (compared to a current max of 55M for DWAC). If DWAC were to go to that status it would be worth about $17,500 per share.
Of course Facebook makes all its money off of selling our lives to the highest bidder, and presumably Trumps media company won't do that. I don't know how it will make money, but its probably not going to be on the same level. It is safe to say it will be worth a lot more than the 1.7B initial valuation though, as long as it does well. And I'd bet money it will do well (in fact I have).
You can buy regular shares, currently at $42 (changing all the time), or you can buy warrants (like options, only offered by the company itself) with a strike price (what you pay for the share if you exercise the option) of $11.50.
These warrants can also be bought and sold like stocks until they expire (2028), but you can also exercise them for the strike price as long as the stock is valued above the strike. At the moment these warrants (selling under DWACW) are going for 12.50.
So that's effectively the same as buying a share at 12.50 + 11.50 = 24.00 with some amount of added risk (though not much I'd wager).
In either case, I think the value will be much higher than the initial (current) purchase in the not too distant future. At the least its a solid investment.
3 days? I opened a scwab and deposited from a savings account this morning when DWAC was at a tiny $14. Still waiting for cash to show in balance now as stock zooms above $45.
WIll I really need to wait until next Monday to access my account and buy DWAC?
3 days after you sell a stock the funds are available in a cash account. Not 3 days after you fund an account. Those funds are usually available as soon as your broker deposits them.
Great to see an 18-year-old making these financial moves.
Many believe that a huge financial market change is on the way and only a few brokerage houses will survive. You may wish to reconsider your broker and see if Fidelity or other quality broker can meet your needs.
don't give your money to webull, use a real broker.
Fidelity, Schwab, Vanguard
Don't use robinhood either
what price should i even buy it at. id assume its for the more long term but i dont wanna buy to far up
There are 30M shares, plus whatever amount will be exercised in the warrants (up to 25M ish?). The initial valuation is 1.7B, so that's $31-57 per share to start.
Facebook, which is a similar platform is currently selling for $340 ish per share, but it has almost 3 billion shares (compared to a current max of 55M for DWAC). If DWAC were to go to that status it would be worth about $17,500 per share.
Of course Facebook makes all its money off of selling our lives to the highest bidder, and presumably Trumps media company won't do that. I don't know how it will make money, but its probably not going to be on the same level. It is safe to say it will be worth a lot more than the 1.7B initial valuation though, as long as it does well. And I'd bet money it will do well (in fact I have).
You can buy regular shares, currently at $42 (changing all the time), or you can buy warrants (like options, only offered by the company itself) with a strike price (what you pay for the share if you exercise the option) of $11.50.
These warrants can also be bought and sold like stocks until they expire (2028), but you can also exercise them for the strike price as long as the stock is valued above the strike. At the moment these warrants (selling under DWACW) are going for 12.50.
So that's effectively the same as buying a share at 12.50 + 11.50 = 24.00 with some amount of added risk (though not much I'd wager).
In either case, I think the value will be much higher than the initial (current) purchase in the not too distant future. At the least its a solid investment.
Can't give advice on that but if you are an 18 year old and already doing this I am proud of you
In a cash account you will have to wait 3 business days before you can use those funds again.
3 days? I opened a scwab and deposited from a savings account this morning when DWAC was at a tiny $14. Still waiting for cash to show in balance now as stock zooms above $45.
WIll I really need to wait until next Monday to access my account and buy DWAC?
This pede is not happy
3 days after you sell a stock the funds are available in a cash account. Not 3 days after you fund an account. Those funds are usually available as soon as your broker deposits them.
Damn I should of checked GAW this morning lol
Great to see an 18-year-old making these financial moves.
Many believe that a huge financial market change is on the way and only a few brokerage houses will survive. You may wish to reconsider your broker and see if Fidelity or other quality broker can meet your needs.