I'm not a financial advisor, and I own 8 stocks.
I was lucky enough to get in pre-market, and got to ride 300% gains, but I'm not selling.
I have a feeling this is going to replace Facebook and Twitter. So it could be safe to assume this gets to Facebook price level, we can easily see $250 per stock.
This is a SPAC, and traditionally, they spike and fall flat when the company goes public, but this is something different. This has Trump behind it.
If the "conspiracy theories" are true, this has YUGE potential.
I recommend you open a Roth IRA with fidelity if you to invest. Roth IRAs are amazing, there is a reason there is a limit to what you can invest each year.
I think fidelity is having a promo right now, if you deposit $100 they give you 50 or something like that. I don't want to shill for fidelity, but hey, get free money while you can. Or is that the trap cause all stocks are going to hurt bad, and very soon.
Its not about the per stock price but the market value of the company. Facebook has a market cap of almost $1T. Yes, the stock is going for $340, but there are 3B shares. This has only around 55M after the merger happens. If this were to take all of Facebooks business (and it had the same business model and clients) it would be worth $17,500/share.
Now, that's a little misleading because Facebook isn't in the social media business, but in the selling your life to the highest bidder business. Presumably this will be a more normal business that makes money off of advertisements, user fees(?) or whatever and not the stealing and selling of your soul.
It will likely make a fair bit less money than FB and Twitter even if it steals all the same customers (eventually). It will still probably be pretty good though, and far above what its currently selling at.
market cap is now at about 1.5b. Imagine this hits 10B mkt cap just 1% of FB value. Completely doable and I think that's a low estimate. Look at GME that's worth 13B now and will have nowhere the amount of appeal as this does. Future is looking very good for this.
At the rate its going, it might hit 10B before the first post is made.
100% agree lol. This is Trumps gift to all his supporters. Amazing. We all knew he was releasing this, but for him to announce it like this where we can support and profit from. Just wow, I did not see that coming.