FB Facebook to lose market share for TRUTH Social ???

Facebook suspended former President Donald Trump until at least January 2023,but retaliation has begun.

Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.

The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.

Truth Social is aiming for a beta launch in November.

TRUTH Social will be a competitor to Twitter and Facebook .

TMTG+ will compete with Netflix and Disney+.

TMTG news will compete with CNN and iHeart Radio.

They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).

Could this be the new Twitter / Facebook platform?

Can we expect a retracement to January 2021 area because of TRUTH Social gaining momentum and market share?

I`m looking forward to read your opinion about it!