All right, if you remember a couple months back, we were talking all about this whole thing with gamestop. Well, we may have game stop 2.0 on our hands right now. Wall street today was in a frenzy as president trump reportedly mulls a cancel-free social media universe shares behind what they call a special purpose: acquisition company or a spac that is taking trump's platform. Public soared for a second day in a row.

You can check it out under the ticker symbol dwac, it's a lot to break down here. To help us do just that is one of youtube's. Most watched financial analysts and the founder of the youtube channel meet kevin, a channel with nearly half a billion views, kevin pathrath welcome to the show, thank you for joining us and just for disclosure purposes. When i saw this happening, i was so excited.

I went out and bought a bunch, so i have invested in this uh. I don't know exactly what it is yet that's why i have you on kevin. I want to start with just telling me and everyone else. What's a spak absolutely so spec is just basically a bunch of people getting together, saying hey.

We should take a company public, let's put a bunch of money into a fund and let's let a leader go find which company we want to bring public. So it's a blank check company. You get shares at ten dollars, usually ten dollars, sometimes twenty in this case ten dollars and the goal is that they bring something public. When the announcement came out that this group dwac was bringing the trump media technology group public, the thing exploded.

Okay, that's fascinating! So you talk about dwac and i also want to understand what about this new stock we are hearing today called fun, spelled f, sorry, p-h-u-n. How is fun related to dwac? Exactly so look the big thing with dwac is, of course, a cancelling cancel culture and fun is associated with dwac, not by any hard connection other than the fact that a fun p-h-u-n helped donald trump run ads in 2019 and 2020. For his political campaign - and so it's really only running under the belief that they might be connected with once dwac becomes an actual company and we actually have a real social media platform because here's the thing right now dwac and the trump technology group, they have zero Dollars in revenues, any social media company is going to need to attract advertisers and you're gon na need more than my pillow you're gon na need a lot of advertisers, so it makes sense that investors are looking for companies that can help them get advertisers. Okay, so just break this down, so spac is a a fund where a bunch of people say go out and buy a company.

Take it public. I get that, but then we've got dwac, which i still don't entirely understand. What that company is that they've apparently bought like with gamestop? There was a store. I could walk into it.

I could see gamestop, i could it's in a strip. Mall amc is a movie theater. I could go into amc. So what is dwac i mean.

Can i touch it? Can i go into it? What am i buying into with this spac dwac? What am i getting for my money, you're, getting hope, uh, that's what you're getting right now is hope, uh you're getting so it's trading at 100 bucks, ish you're telling me that i i so it started in like the single dollars it closed. Yesterday in the 40s. Today went as high as like, 147 and people are buying, hope, yeah, that's correct! That's 75! This company posts its merger so when it actually becomes when this merger completes, which is what a spac is, but but that aside, once that merger happens, it's going to be valued at about 12.8 billion dollars at 75. A share: that's where it's trading right now pretty high for a company that doesn't have a platform.

Yet you know we've got sign ups. We got a sign up website truthsocial.com, you could pre-order the app in the apple app store, but we have no idea if advertisers are going to use the platform. If people are going to use the platform, we expect them. Of course, too right.

We all hate, cancel culture. I hate censorship. Look when i ran for governor in california. Before i had green hair, i got cancelled by facebook and censored.

I am a big protester for this, so this is leading to a lot of enthusiasm. People see this as voting for uh anti-censorship, anti-big tech, that's really what you're paying for so you're paying for anti-censorship, supporting donald trump, supporting conservatism and and really just voting against the mainstream liberal agendas that we see in big tech. Yeah. Interestingly enough, though, it's going to be interesting to watch what the advertisers actually do, because they've been because of the trump involvement, but i do want to ask: is this the type of stock you hold on to as an investment? That's that's what i think i want to know.

I i would say, maybe in three months when it comes back and rubber bands back down closer to ten dollars, it's not something i would hold on to right now and here's why? For the last two days, this stock has been so popular. It's been almost impossible to short, which means you can't have people making those counter bets against the price which has gone up a lot well jp morgan. I spoke with them this morning in the institutional division they're expecting these shares to come up available for short, monday and tuesday, and a lot of them okay, so people who think this is going to go down they're going to short it sorry, okay, kevin stop, stop And explain this to me real just i want to make sure i understand. If i wanted to sell the stock, i can sell it, but i just can't short it.

There is a difference, correct yeah, exactly so, if you own the stock - and you want to sell it, you can do that. But if i don't own the stock, let's say and i'm like: oh my gosh, a hundred dollars is too much. I think it's going to go back down to 20.. I could borrow it from somebody like you, not you don't actually have to do anything.

The brokers do that, for you, i pay interest to the broker for that right and, and you get a little bit, the broker does all that for you and then i could just sell it right away to 100 and then give it back to you when it's At twenty dollars now i could get you know burned if it goes way up, but this, i think, is gon na open up, maybe possibly all right kevin. This is super helpful. I really appreciate the way you broken this down, because i need to explain to my wife what i bought yeah. I just be careful.

Here's one of the things you got to remember when it comes to these particular stocks that go up really fast. They are momentum. Stocks you're not buying into fundamentals, you're buying into social media and really what i call peak media and once that media fades, the price tends to go down with it. So just watch the social trends.

How often it gets talked about in the news once it gets out of the news cycle, it goes away best comparison pull up quantum scape when they were in peak media. The thing went from 10 to 135. Now it's 25 again fascinating, very helpful. Thank you.

So much but it doesn't end the movement, stay optimistic about the movement, cancel cancer culture and cancel censorship. Yeah thanks kevin thanks. So much. Thank you.