DWAC jumps post Trump Iowa victory, I mean massacre.
(stocks.apple.com)
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Honestly, the general public doesn't have the money to put anything into stocks. Look at DWAC or PHUN and most shares are owned by Blackrock and Vanguard. I don't know how this shakes out but those two big institutions own almost everything. Unless the entire population closes out their retirement fund and invest it themselves that's one way Truth Social takes off.
But given that all the social media platforms colluded with the Dems, lied about COVID, censored and banned users, they might be in big trouble and end up on the chopping blocks on top of being monopolies. They might get dissolved all together who knows. If that happens then the stocks go to zero and the money goes somewhere else. When was the last time a company was broken up.... 90s???