I bought DWAC today, case for…

AmandaViolet
2021-11-04

$Digital World Acquisition Corp(DWAC)$ Politics aside, the current ~$2 billion market cap for DWAC is a bargain if, as I expect, some sort of social media for conservative conspirators comes out of it. The core social network, posting, sharing, etc tech behind things like Twitter and Facebook is relatively easy to replicate. Things like AI content moderation is very hard but doubtful that will matter to such this business model. DJT is a marketing machine and has the ears of millions of Americans. Love him or hate him, he easily has the power to draw in tens of millions perhaps hundreds of millions users very quickly. In this scenario, which I believe will play out over the next six months, a valuation of $50 billion (or approx $1600 per share) is conservative (no pun intended it I’ll take it). I don’t care about the politics. I just like to make money. I put 3% of my portfolio into it today (part of my 20% tagged for speculative bets outside my 80% boring ETF salad) based on this theory.

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