Trump’s social media company in talks to buy crypto firm Bakkt, FT reports

Donald Trump’s social media company ended the trading day up Monday on reports it’s looking to buy crypto trading firm Bakkt. Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange, skyrocketed more than 160% and were halted multiple times due to volatility. Trump Media shares ended the day up 16.7%.

Cordell Eminent Scholar Jay Ritter shares his insights in this story from USA Today.