Found the precipice !!
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The SEC should look into Facebook.
Facebook for years has been artificially propping up the # of users to it's site... which inflated the perceived market value of their company by $Tens of Billions.
There are tens of Millions of people that have abandoned their Facebook accounts and simply haven't used them in years. There are Millions of others that have closed their accounts, but I'm sure Facebook doesn't report those #'s.
Any company that reports FALSE and MISLEADING data should face fines and criminal penalties. Facebook is a prime example of that.
Think about this - it only took half a million people to drop Facebook to hurt Zuckerberg by $29 billion.
Theres are 2.9 billion active users on FB, and 3.5 billion monthly users if you include apps like WhatsUp, Instagram, etc sauce is here
Can you imagine how much money he would lose if an additional million people dropped off?
A: $87 billion
Truth social is going to be YUGE!
Anyone know which DWAC should be purchased to hold? Dwac/u/w?
all of them?
Not a financial advisor. DWACU is a combination of DWACW and DWAC, so I will focus on the latter two.
DWAC is straight forward. Its the actual share that will represent the TMTG once TMTG merges with DWAC. If the merge does not happen you get returned the $10 for each share. Currently its around $80.
DWACW is a warrant. Once the merge happens, each DWACW can be exchanged for a DWAC by paying $11.50, regardless of how much you paid for it. However if the merge does not happen, you will lose whatever you put into DWACW. Currently DWACW is sitting at $27. This means, if you bought DWACW now and the merge happens, one DWAC cost you only $38.59, even though its valued at $80 atm.
However, the tax implication will be different. You may not realise capital gains if you purchase DWACW, so you have to keep that in mind.
Bottom line, be ready to lose everything you put into either of them. If the merge happens, DWACW will be much more profitable, but you might pay more tax.
Also check with your brokerage about the warrant exchange to make sure there are no hidden gotchas.
Personally I bought half half, and later on bought a few more DWACW.
I have half and half as well. Mine is in a retirement account so I am not concerned about the taxes for now.
Most of mine is W. Have a couple when it was less than $4. I do have a couple of shares of the regular, but it's too expensive for me now.
Just know there will be tax implications.
What's the difference?
FB and Twatter should not be considered social media platforms since they moderate people's postings and block them or suspend their accounts. They should be considered a publisher, thereby taking away their online protections.
The SEC is in on it.
They won't look into GME, they certainly won't look in to FB, and there's blatant illegal fuckery going on with GME.
The SEC is deepstate, they are fighting (and cheating and failing) for their survival right now against Ripple.