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Trump Media in reported talks to buy crypto trading platform Bakkt
Manage episode 451054193 series 3519301
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Trump Media, the company behind the social media platform Truth Social, is in advanced talks to purchase Bakkt, a cryptocurrency trading company. This news sent both companies' shares soaring. Bakkt has faced financial challenges in recent years and warned investors that it may not be able to continue as a going concern. The acquisition, if it goes through, would represent a significant investment in cryptocurrency for Trump Media and would mark a further expansion of Donald Trump's business interests into the cryptocurrency realm.
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