- The stock price of DatChat Inc (NASDAQ: DATS) increased by over 11% pre-market today. This is why it happened.
The stock price of DatChat Inc (NASDAQ: DATS) – a blockchain, cybersecurity, and social media company that not only focuses on protecting privacy on personal devices – increased by over 11% pre-market today. There are no company-specific reports driving up the stock price so it appears there are external factors at play.
Investors appear to be reacting to Apple releasing an emergency software patch after researchers discovered a security exploit. The exploit could allow hackers to install spyware on Apple devices without requiring the victim to click on a link. This spyware could be used for stealing data or eavesdropping.
The University of Toronto’s Citizen Lab noted that this zero-click flaw had allowed for the Pegasus spyware from Israeli hacker company NSO Group to infect the iPhone of a Saudi activist by sending an image file through iMessage. The activist is anonymous.
Due to this issue, investors believe the usage of DatChat could increase.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.