Trump's social media acquires cryptocurrency trading platform Bakkt

Trump Media & Technology Group, a social media company owned by Trump, is in advanced talks to buy cryptocurrency trading platform Bakkt. Trump has pledged to keep 53% of its stake, with valuation and financial terms not disclosed. Bakkt surged more than 163% at the close after experiencing several circuit breakers due to excessive volatility. The relationship behind Trump and Bakkt is extraordinary. Kelly Loeffler, former CEO of Bakkt, is the co-chair of Trump's inaugural committee.

Latest News

11-19

Stock Track | Trump Media Stock DJT Plummets 9.45% After Crypto Acquisition Rally Loses Steam

11-19

异动解读 | 特朗普媒体科技集团股价盘中暴跌9.45% 或因洽购Bakkt增加运营风险

11-19

周二美市盘前走低重点谈市场盛传特朗普媒体与科技集团收购Bakkt Holdings

User Discussion

MIe

11-19

Djt bakkt bundle upside

DJT, Bakkt Stocks Pop on Report Trump Media in Talks to Acquire Crypto Trading Platform

Tiger V

11-19

Crypto Politics: Riding the Trump-Bakkt Wave

Overview of Market Movements The potential acquisition of crypto trading firm Bakkt $Bakkt Holdings, Inc.(BKKT)$ by Donald Trump's social media company, Trump Media and Technology Group (TMTG) $Trump Media & Technology(DJT)$ , has triggered a strong rally in Bakkt's stock. Shares of Bakkt skyrocketed 162.5% on Monday and surged an additional 20% in premarket trading on Tuesday, reflecting investor excitement. The merger, if successful, could position Trump at the intersection of crypto innovation and political influence. The announcement also indicates a growing convergence between cryptocurrency and media ventures, sparking optimism in both sectors. Mar

Crypto Politics: Riding the Trump-Bakkt Wave

hphoa

11-19

Buy or sell?

DJT, Bakkt Stocks Pop on Report Trump Media in Talks to Acquire Crypto Trading Platform

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The company is majority owned by NYSE parent company Intercontinental Exchange .President-elect Donald Trump maintains a roughly 60% interest in DJT, which boasts a market cap of around $7.1 billion. Trump reiterated earlier this month that he has no intention of selling his stock in the company.Trump's election win has pushed bitcoin prices to all-time highs, with the administration viewed as generally more friendly to the alternative asset class.In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation. His promises also include appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler.Other cr","content":"<html><head></head><body><p>Trump Media &amp; Technology Group (DJT) stock closed over 16% higher on Monday following a report from the Financial Times that said the company, which operates the social network Truth Social, is in advanced talks to acquire crypto exchange Bakkt (BKKT). </p><p>Bakkt stock gained over 162% on Monday following the report. The company is majority owned by NYSE parent company Intercontinental Exchange (ICE). Bakkt kept rally 18% in after hours trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dd2ae471b95077c37037a082345930b9\" tg-width=\"440\" tg-height=\"139\"/></p><p>President-elect Donald Trump maintains a roughly 60% interest in DJT, which boasts a market cap of around $7.1 billion. Trump reiterated earlier this month that he has no intention of selling his stock in the company.</p><p>Trump&#39;s election win has pushed bitcoin prices to all-time highs, with the administration viewed as generally more friendly to the alternative asset class.</p><p>In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation. His promises also include appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler.</p><p>On Monday, bitcoin (BTC-USD) rose over 2% to trade just below $92,000 a token.</p><p>Other crypto-adjacent names were also on the mover higher. </p><p>Shares of MicroStrategy (MSTR), which owns nearly 280,000 bitcoins, closed almost 13% higher after it announced the purchase of an additional 51,780 bitcoins for $4.6 billion. The company now holds $16.5 billion worth of bitcoin. </p><p>Coinbase (COIN) stock also jumped over 6% on Monday, with The Wall Street Journal reporting its CEO, Brian Armstrong, was set to meet with Trump. </p><p>Bakkt, which has a market cap of around $190 million, has seen its stock fall sharply since going public in 2021. Intercontinental Exchange, its majority owner, is led by CEO Jeff Sprecher, who is married to former Georgia Sen. Kelly Loeffler, co-chair of Trump&#39;s inaugural committee. </p><p>Trump founded Truth Social after he was kicked off major social media apps like Facebook (META) and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those platforms. He officially returned to posting on X in mid-August after about a year&#39;s hiatus.</p><p>As Truth Social attempts to take on social media incumbents, the fundamentals of the company have long been in question.</p><p>On Nov. 5, just a few hours before the polls closed, DJT dropped third quarter results that revealed a net loss of $19.25 million for the quarter ending Sept. 30. DJT also reported revenue of $1.01 million. It held about $370 million in cash at the end of the quarter.</p><p>The stock is up 10% over the last month.</p><p></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DJT, Bakkt Stocks Pop on Report Trump Media in Talks to Acquire Crypto Trading Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDJT, Bakkt Stocks Pop on Report Trump Media in Talks to Acquire Crypto Trading Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 06:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/djt-bakkt-stocks-pop-on-report-trump-media-in-talks-to-acquire-crypto-trading-platform-213934031.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trump Media & Technology Group (DJT) stock closed over 16% higher on Monday following a report from the Financial Times that said the company, which operates the social network Truth Social, is in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/djt-bakkt-stocks-pop-on-report-trump-media-in-talks-to-acquire-crypto-trading-platform-213934031.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BKKT":"Bakkt Holdings, Inc.","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU1035775433.USD":"AB SICAV I - 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The company is majority owned by NYSE parent company Intercontinental Exchange (ICE). Bakkt kept rally 18% in after hours trading.President-elect Donald Trump maintains a roughly 60% interest in DJT, which boasts a market cap of around $7.1 billion. Trump reiterated earlier this month that he has no intention of selling his stock in the company.Trump's election win has pushed bitcoin prices to all-time highs, with the administration viewed as generally more friendly to the alternative asset class.In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation. His promises also include appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler.On Monday, bitcoin (BTC-USD) rose over 2% to trade just below $92,000 a token.Other crypto-adjacent names were also on the mover higher. Shares of MicroStrategy (MSTR), which owns nearly 280,000 bitcoins, closed almost 13% higher after it announced the purchase of an additional 51,780 bitcoins for $4.6 billion. The company now holds $16.5 billion worth of bitcoin. Coinbase (COIN) stock also jumped over 6% on Monday, with The Wall Street Journal reporting its CEO, Brian Armstrong, was set to meet with Trump. Bakkt, which has a market cap of around $190 million, has seen its stock fall sharply since going public in 2021. Intercontinental Exchange, its majority owner, is led by CEO Jeff Sprecher, who is married to former Georgia Sen. Kelly Loeffler, co-chair of Trump's inaugural committee. Trump founded Truth Social after he was kicked off major social media apps like Facebook (META) and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those platforms. He officially returned to posting on X in mid-August after about a year's hiatus.As Truth Social attempts to take on social media incumbents, the fundamentals of the company have long been in question.On Nov. 5, just a few hours before the polls closed, DJT dropped third quarter results that revealed a net loss of $19.25 million for the quarter ending Sept. 30. DJT also reported revenue of $1.01 million. It held about $370 million in cash at the end of the quarter.The stock is up 10% over the last month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372741772886312,"gmtCreate":1732011389480,"gmtModify":1732011591994,"author":{"id":"4092890920697680","authorId":"4092890920697680","name":"Tiger V","avatar":"https://community-static.tradeup.com/news/929ef5d38a3a27e3d8f60d939883e7bb","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092890920697680","authorIdStr":"4092890920697680"},"themes":[],"title":"Crypto Politics: Riding the Trump-Bakkt Wave","htmlText":"Overview of Market Movements The potential acquisition of crypto trading firm Bakkt&nbsp;<a href=\"https://ttm.financial/S/BKKT\">$Bakkt Holdings, Inc.(BKKT)$ </a>&nbsp; by Donald Trump's social media company, Trump Media and Technology Group (TMTG) <a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;, has triggered a strong rally in Bakkt's stock. Shares of Bakkt skyrocketed 162.5% on Monday and surged an additional 20% in premarket trading on Tuesday, reflecting investor excitement. The merger, if successful, could position Trump at the intersection of crypto innovation and political influence. The announcement also indicates a growing convergence between cryptocurrency and media ventures, sparking optimism in both sectors. Mar","listText":"Overview of Market Movements The potential acquisition of crypto trading firm Bakkt&nbsp;<a href=\"https://ttm.financial/S/BKKT\">$Bakkt Holdings, Inc.(BKKT)$ </a>&nbsp; by Donald Trump's social media company, Trump Media and Technology Group (TMTG) <a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;, has triggered a strong rally in Bakkt's stock. Shares of Bakkt skyrocketed 162.5% on Monday and surged an additional 20% in premarket trading on Tuesday, reflecting investor excitement. The merger, if successful, could position Trump at the intersection of crypto innovation and political influence. The announcement also indicates a growing convergence between cryptocurrency and media ventures, sparking optimism in both sectors. Mar","text":"Overview of Market Movements The potential acquisition of crypto trading firm Bakkt $Bakkt Holdings, Inc.(BKKT)$ by Donald Trump's social media company, Trump Media and Technology Group (TMTG) $Trump Media & Technology(DJT)$ , has triggered a strong rally in Bakkt's stock. Shares of Bakkt skyrocketed 162.5% on Monday and surged an additional 20% in premarket trading on Tuesday, reflecting investor excitement. The merger, if successful, could position Trump at the intersection of crypto innovation and political influence. The announcement also indicates a growing convergence between cryptocurrency and media ventures, sparking optimism in both sectors. Mar","images":[{"img":"https://community-static.tradeup.com/news/c8c778d222c69d1a93d41e57f2ba3443","width":"1100","height":"780"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/372741772886312","isVote":1,"tweetType":1,"viewCount":580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":372711504560232,"gmtCreate":1732003973517,"gmtModify":1732003977505,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578790486524477","authorIdStr":"3578790486524477"},"themes":[],"htmlText":"Buy or sell?&nbsp;","listText":"Buy or sell?&nbsp;","text":"Buy or sell?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372711504560232","repostId":"2484845079","repostType":2,"repost":{"id":"2484845079","kind":"highlight","pubTimestamp":1731970357,"share":"https://ttm.financial/m/news/2484845079?lang=&edition=fundamental","pubTime":"2024-11-19 06:52","market":"us","language":"en","title":"DJT, Bakkt Stocks Pop on Report Trump Media in Talks to Acquire Crypto Trading Platform","url":"https://stock-news.laohu8.com/highlight/detail?id=2484845079","media":"Yahoo Finance","summary":"Trump Media & Technology Group  stock closed over 16% higher on Monday following a report from the Financial Times that said the company, which operates the social network Truth Social, is in advanced talks to acquire crypto exchange Bakkt .Bakkt stock gained over 162% on Monday following the report. The company is majority owned by NYSE parent company Intercontinental Exchange .President-elect Donald Trump maintains a roughly 60% interest in DJT, which boasts a market cap of around $7.1 billion. Trump reiterated earlier this month that he has no intention of selling his stock in the company.Trump's election win has pushed bitcoin prices to all-time highs, with the administration viewed as generally more friendly to the alternative asset class.In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation. His promises also include appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler.Other cr","content":"<html><head></head><body><p>Trump Media &amp; Technology Group (DJT) stock closed over 16% higher on Monday following a report from the Financial Times that said the company, which operates the social network Truth Social, is in advanced talks to acquire crypto exchange Bakkt (BKKT). </p><p>Bakkt stock gained over 162% on Monday following the report. The company is majority owned by NYSE parent company Intercontinental Exchange (ICE). Bakkt kept rally 18% in after hours trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dd2ae471b95077c37037a082345930b9\" tg-width=\"440\" tg-height=\"139\"/></p><p>President-elect Donald Trump maintains a roughly 60% interest in DJT, which boasts a market cap of around $7.1 billion. Trump reiterated earlier this month that he has no intention of selling his stock in the company.</p><p>Trump&#39;s election win has pushed bitcoin prices to all-time highs, with the administration viewed as generally more friendly to the alternative asset class.</p><p>In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation. His promises also include appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler.</p><p>On Monday, bitcoin (BTC-USD) rose over 2% to trade just below $92,000 a token.</p><p>Other crypto-adjacent names were also on the mover higher. </p><p>Shares of MicroStrategy (MSTR), which owns nearly 280,000 bitcoins, closed almost 13% higher after it announced the purchase of an additional 51,780 bitcoins for $4.6 billion. The company now holds $16.5 billion worth of bitcoin. </p><p>Coinbase (COIN) stock also jumped over 6% on Monday, with The Wall Street Journal reporting its CEO, Brian Armstrong, was set to meet with Trump. </p><p>Bakkt, which has a market cap of around $190 million, has seen its stock fall sharply since going public in 2021. Intercontinental Exchange, its majority owner, is led by CEO Jeff Sprecher, who is married to former Georgia Sen. Kelly Loeffler, co-chair of Trump&#39;s inaugural committee. </p><p>Trump founded Truth Social after he was kicked off major social media apps like Facebook (META) and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those platforms. He officially returned to posting on X in mid-August after about a year&#39;s hiatus.</p><p>As Truth Social attempts to take on social media incumbents, the fundamentals of the company have long been in question.</p><p>On Nov. 5, just a few hours before the polls closed, DJT dropped third quarter results that revealed a net loss of $19.25 million for the quarter ending Sept. 30. DJT also reported revenue of $1.01 million. It held about $370 million in cash at the end of the quarter.</p><p>The stock is up 10% over the last month.</p><p></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DJT, Bakkt Stocks Pop on Report Trump Media in Talks to Acquire Crypto Trading Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDJT, Bakkt Stocks Pop on Report Trump Media in Talks to Acquire Crypto Trading Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 06:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/djt-bakkt-stocks-pop-on-report-trump-media-in-talks-to-acquire-crypto-trading-platform-213934031.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trump Media & Technology Group (DJT) stock closed over 16% higher on Monday following a report from the Financial Times that said the company, which operates the social network Truth Social, is in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/djt-bakkt-stocks-pop-on-report-trump-media-in-talks-to-acquire-crypto-trading-platform-213934031.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2264538146.SGD":"Fullerton Lux Funds - 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The company is majority owned by NYSE parent company Intercontinental Exchange (ICE). Bakkt kept rally 18% in after hours trading.President-elect Donald Trump maintains a roughly 60% interest in DJT, which boasts a market cap of around $7.1 billion. Trump reiterated earlier this month that he has no intention of selling his stock in the company.Trump's election win has pushed bitcoin prices to all-time highs, with the administration viewed as generally more friendly to the alternative asset class.In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation. His promises also include appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler.On Monday, bitcoin (BTC-USD) rose over 2% to trade just below $92,000 a token.Other crypto-adjacent names were also on the mover higher. Shares of MicroStrategy (MSTR), which owns nearly 280,000 bitcoins, closed almost 13% higher after it announced the purchase of an additional 51,780 bitcoins for $4.6 billion. The company now holds $16.5 billion worth of bitcoin. Coinbase (COIN) stock also jumped over 6% on Monday, with The Wall Street Journal reporting its CEO, Brian Armstrong, was set to meet with Trump. Bakkt, which has a market cap of around $190 million, has seen its stock fall sharply since going public in 2021. Intercontinental Exchange, its majority owner, is led by CEO Jeff Sprecher, who is married to former Georgia Sen. Kelly Loeffler, co-chair of Trump's inaugural committee. Trump founded Truth Social after he was kicked off major social media apps like Facebook (META) and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those platforms. He officially returned to posting on X in mid-August after about a year's hiatus.As Truth Social attempts to take on social media incumbents, the fundamentals of the company have long been in question.On Nov. 5, just a few hours before the polls closed, DJT dropped third quarter results that revealed a net loss of $19.25 million for the quarter ending Sept. 30. DJT also reported revenue of $1.01 million. It held about $370 million in cash at the end of the quarter.The stock is up 10% over the last month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}