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Truth Social Stock Price History: A Comprehensive Guide to DWAC Performance

Introduction

Truth Social, a conservative social media platform launched by former US President Donald Trump, has witnessed significant volatility in its stock price since its inception. This article aims to provide a detailed analysis of Truth Social's stock price history, examining key milestones, market trends, and factors influencing its performance.

Initial Public Offering (IPO)

Truth Social's parent company, Digital World Acquisition Corp. (DWAC), went public through a special purpose acquisition company (SPAC) merger in September 2021. The IPO generated significant enthusiasm, with the stock price surging to $94.20 on its first day of trading.

Post-IPO Performance

Following the IPO, DWAC's stock price experienced a rollercoaster ride. It initially soared to a high of $175.00 in December 2021, fueled by optimism about Truth Social's potential. However, the stock price subsequently plummeted, falling below $40.00 in March 2022.

Factors Influencing Stock Price

Several factors have influenced Truth Social's stock price performance:

truth social stock price history

Political Environment: Truth Social's association with former President Trump has drawn strong political opinions, both positive and negative.
Competition: Truth Social faces competition from established platforms like Twitter and Facebook, as well as other conservative social media apps.
User Growth: The number of users on Truth Social has been a key metric influencing its stock price.
Regulatory Scrutiny: Truth Social has faced potential regulatory challenges, including investigations into its financial practices and content moderation policies.

Recent Developments

In recent months, DWAC's stock price has experienced renewed volatility. The announcement of Truth Social's planned merger with TMTG, the Trump Media & Technology Group, in May 2022 led to a surge in the stock price. However, the merger agreement has faced legal challenges, and its completion remains uncertain.

Key Figures and Tables

To provide a comprehensive overview of Truth Social's stock price history, we have compiled the following key figures and tables:

Stock Price History

Date	Open	High	Low	Close	Volume
Sep 22, 2021 (IPO)	$43.30	$94.20	$43.00	$94.20	35.2M
Mar 31, 2022	$54.50	$59.20	$39.60	$40.00	42.1M
Jun 22, 2023	$36.50	$42.80	$35.20	$41.00	27.8M
Dec 31, 2023	$28.70	$32.40	$27.90	$29.20	19.3M

DWAC vs. Nasdaq Composite Index

Date	DWAC	Nasdaq Composite
Jan 2022	$85.00	15,478.88
Jul 2022	$32.00	11,811.47
Jan 2023	$25.00	11,793.74
Jun 2023	$42.00	12,821.88

Monthly Average User Growth

Month	Average Active Users
Jan 2022	1.0M
Jul 2023	2.6M
Dec 2023	3.5M

Top Performing Stocks in Social Media Sector

Political Environment:

Stock	Return (YTD)
META Platforms (FB)	20.1%
Pinterest (PINS)	14.2%
Snap (SNAP)	12.3%

Common Mistakes to Avoid

Investors considering investing in DWAC should be aware of the following common mistakes:

Following Hype: Avoid investing based solely on social media chatter or speculation.
Ignoring Risks: Understand the potential risks associated with investing in a volatile stock.
Overleveraging: Avoid using excessive leverage when investing in DWAC.

Conclusion

Truth Social's stock price history has been marked by significant volatility, influenced by a combination of political, competitive, and regulatory factors. Investors should carefully consider these factors and conduct thorough due diligence before making investment decisions. By understanding the key figures and trends outlined in this article, investors can gain a comprehensive understanding of Truth Social's stock price performance and make informed choices.