Can you buy TRUTH Social stock?

Highlights:

• Last year, Mr Trump got banned by Twitter, YouTube, and Facebook after violence broke out at Capitol Hill.
• TRUTH Social is the venture of Trump Media & Technology Group (TMTG), and it is reportedly led by Devin Nunes, a former Republican US Representative.
• In October last year, Trump Media & Technology Group (TMTG) announced that it entered into a merger agreement with Digital World Acquisition Corp.

TRUTH Social launched ahead of Presidents' Day on the iOS App Store. Notably, the social media network is a new venture by Donald Trump, former President of the United States.

According to reports, the TRUTH Social app was available on the Apple Store shortly before Sunday midnight. It looked like Twitter, which was previously the preferred social media platform of Mr Trump.

The launch of TRUTH Social marks the return of Donald Trump on social media after he was banned from several platforms in 2021.

Last year, Mr Trump got banned by Twitter, YouTube, and Facebook after violence broke out at Capitol Hill, and he was accused of inciting violence through social media platforms.

TRUTH Social is the venture of Trump Media & Technology Group (TMTG), and it is reportedly led by Devin Nunes, a former Republican US Representative.

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The social media platform is pitched as a champion of free speech, which does not encourage censorship. It hopes to draw social media users who believe their views are suppressed on well-known platforms.

As TRUTH social is available on the iOS App Store now, it appears that interested investors are looking up the social media platform's stock.

Can you invest in TRUTH Social stock?

Unfortunately, the answer is no. The TRUTH Social stock is not available in the equities market. Hence, retail investors cannot invest in the stock.

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However, if you are interested in the Donald Trump-backed platform, you can get hold of Digital World Acquisition Corp. (NASDAQ:DWAC) stock.

In October last year, Trump Media & Technology Group (TMTG) announced that it entered into a merger agreement with Digital World. The business combination would make TMTG a publicly listed company.

According to the Securities and Exchange Commission (SEC), the business transaction valued TMTG at an enterprise value of US$ 875 million.

Bottom line

On Friday, February 18, the DWAC stock was priced at US$ 84.32 per share. It has gained momentum since the merger news.

The DWAC stock surged 64 per cent year-to-date (YTD) and 113.5 per cent in the last three months.

It appears that the Digital World Acquisition Corp stock could spike when markets open on February 22.

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