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  "documentTitle": "Digital World Acquisition Corp (DWAC)",
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  "authorName": "Kerrisdale Capital",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "The slide uses a line chart to show declining app store rankings as evidence of poor performance.",
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      "text": "DWAC has forecast Truth Social users to grow to 81m by 2026 based solely on a 2021 Morning Consult/Politico poll of registered voters.",
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      "text": "DWAC has forecast Truth Social users to grow to 81m by 2026 based solely on a 2021 Morning Consult/Politico poll of registered voters. Basing a critical, long-term input on a singular survey is deeply flawed for several obvious reasons.",
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      "text": "It’s also worth remembering that while merger approval is still pending, none of the cash held in trust at DWAC nor the PIPE is available to TMTG. Continued delays in the regulatory process that stall the receipt of capital will hamper the development path.",
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      "text": "The hiccups witnessed with Truth Social’s launch have been extraordinary. Hacked even before launching? A waiting list of a million? A heavily promoted app is supposed to use a waiting list to build hype, not infuriate potential new users.",
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      "text": "Perhaps most puzzling for Truth Social fans is that Trump himself is not using the site. The former President has only posted once, urging users to “Get Ready!” for his arrival to the site weeks ago. It’s been crickets since.",
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      "text": "Source: Sensor Tower. Daily Category Rankings of iPhone Social Networking Apps in the US, accessed April 25, 2022.",
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      "text": "Projections Underwritten by Flimsy Assumptions",
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      "text": "Truth Social – Social Networking Rankings",
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