If Elon redefines Twitter, what`s the purpose of DWAC anyways ??

I first bough DWAC at $12:

Thinking that Truth Social will take some market capitalization from Twitter and Facebook:

But since Elon Musk wants and most likely Will buy Twitter and enable true free speech on the platform, where Donald Trump won`t get banned that easily, then what is the purpose of DWAC (Truth Social and the rest) anyways???
Ok, let`s say it`s a republican new media platform, but then how you justify the approx. 10 Bil market capitalization at the current price, after the merger???

To be honest, i think this stock could easily go to the $23.50 support and even lower than $10, like most of the SPACs, if they don`t deliver great news for the shareholders.

Since the Musk takeover of Twitter, DWAC has already retraced significantly: