SPAC shares plummet after Trump announces re-election campaign

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DWAC Intrinsic Value – Digital World Acquisition ($NASDAQ:DWAC) is a company that takes Trump’s social media company and Truth Social app public. After Donald Trump announced his 2024 re-election campaign on Tuesday night, shares of Digital World Acquisition fell 16%.

Last Monday, DWAC shares had skyrocketed 66% after Trump hinted at rallies over the previous weekend that he would soon be announcing his re-election campaign. But last Wednesday, after the potential “Red Wave” that some had forecast failed to materialize after the mid-term elections, SPAC shares retreated 20%.

Price History

Investors were spooked on Wednesday after President Donald Trump announced his re-election campaign, sending shares of DIGITAL WORLD ACQUISITION plummeting. It was the biggest one-day percentage drop for the company since February. During the speech, he made a number of controversial statements, including attacking the media and calling for a ban on immigration from Muslim countries. Investors were apparently worried that Trump’s re-election campaign could further roil the markets and hurt DIGITAL WORLD ACQUISITION’s business. The company is a major provider of digital marketing and advertising services, and could be hurt by a continued decline in ad spending by companies.

Trump’s re-election campaign could also lead to more regulation of the tech industry, which could hamper DIGITAL WORLD ACQUISITION’s growth. The company is already facing increased scrutiny from lawmakers and regulators over its data privacy practices. DIGITAL WORLD ACQUISITION’s stock has been volatile in recent months, and Wednesday’s sell-off pushed it down to its lowest level since February.

VI Analysis – DWAC Intrinsic Value Calculator

Digital World Acquisition is a technology company that is focused on providing digital solutions to businesses. The company’s fundamentals reflect its long term potential, and its shares are currently undervalued by 51%. The company’s fair value is around $43.8 per share, and it is currently traded at $21.3 per share.

VI Peers

The company was founded in 2014 and is headquartered in Los Angeles, California. Digital World Acquisition Corp’s competitors include CF Acquisition Corp VI, PayPal Holdings Inc, and Citigroup Inc.

– CF Acquisition Corp VI ($NASDAQ:PYPL)

PayPal Holdings Inc is a digital payments company that operates a global payment platform. It has a market cap of 99.75B as of 2022 and a Return on Equity of 8.65%. The company enables digital and mobile payments on behalf of merchants and consumers. It also offers working capital, merchant services, and credit products.

– PayPal Holdings Inc ($NYSE:C)

Citigroup Inc is an American multinational investment bank and financial services corporation with a market cap of $89.34 billion as of 2022. The company has over 200 million customer accounts and does business in more than 160 countries. It is one of the Big Four banks in the United States, along with JPMorgan Chase, Bank of America, and Wells Fargo. Citigroup was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.

Summary

Digital World Acquisition is a digital marketing company that acquires and operates digital media properties. Digital World Acquisition acquires and operates digital media properties that provide targeted audiences with valuable content and services. The company’s mission is to build a global network of digital media properties that reach a large audience of internet users.

Digital World Acquisition has a portfolio of digital media properties that includes websites, mobile apps, and email newsletters. The company’s properties reach a global audience of over 1 billion people.