Reddit vs. Truth Social: A tale of two social media listings

In a curious coincidence, the two share prices — and the implied valuations — are similar. What's more, both could start trading in earnest within a few days of each other.price of Digital World Acquisition Corp , is all about gaming the future: How much do investors think each social media stock will be worth once it starts trading?assuming

that it will successfully acquire Trump Media & Technology Group and that their shares will convert to part ownership of the Truth Social app. That could happen as soon as next week.is a smooth and familiar IPO, run by big-name banks, aimed at investors who would like to own a slice of one of the most popular sites on the internet.its intent to buy Trump Media in October 2021 and still hasn't managed to do so.

Instead, they've developed a reputation as a kind of back-door IPO for companies that probably couldn't withstand the scrutiny involved with a conventional listing.To close the acquisition and be listed as Trump Media & Technology Group, DWAC first needs to win a shareholder vote on Friday. That is far from assured.The market seems hopeful, however: DWAC shares rose 17% on Wednesday to close at $42.73, which implies a valuation for Trump's social network of $5.8 billion.

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