berg80
Diamond Member
- Oct 28, 2017
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- #481
Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring
Trump Media is in āadvanced talksā to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks.
The news sent shares of both companies soaring.
Trump Media, which is majority owned by President-elect Donald Trump, shot up by double digits minutes after the Financial Times report was published.
The company, which operates the Truth Social app and trades on the Nasdaq as DJT, closed more than 16% higher.
Shares of Bakkt ā which was created by Intercontinental Exchange, the owner of the New York Stock Exchange ā skyrocketed more than 162% amid repeated trading halts due to volatility.
Kelly Loeffler, a previous CEO of Bakkt, is the co-chair of Trumpās inauguration committee.
https://www.cnbc.com/2024/11/18/tru...ng-platform-bakkt-sending-shares-soaring.html
It goes without saying trump, if he were a prez who honored the tradition of avoiding conflicts of interest, would divest himself from his crypto and social media businesses.
Trump Media is in āadvanced talksā to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks.
The news sent shares of both companies soaring.
Trump Media, which is majority owned by President-elect Donald Trump, shot up by double digits minutes after the Financial Times report was published.
The company, which operates the Truth Social app and trades on the Nasdaq as DJT, closed more than 16% higher.
Shares of Bakkt ā which was created by Intercontinental Exchange, the owner of the New York Stock Exchange ā skyrocketed more than 162% amid repeated trading halts due to volatility.
Kelly Loeffler, a previous CEO of Bakkt, is the co-chair of Trumpās inauguration committee.
https://www.cnbc.com/2024/11/18/tru...ng-platform-bakkt-sending-shares-soaring.html
It goes without saying trump, if he were a prez who honored the tradition of avoiding conflicts of interest, would divest himself from his crypto and social media businesses.