The news of a fresh acquisition is something that almost always pique the interest of investors and hence, it could be a good idea to keep an eye on the R3T Technologies (OTCMKTS:RRRT) this morning.
Market Action
On Tuesday, RRRT stock surged 20.63% to $0.1930 with more than 700 shares, compared to its average volume of 16.17K shares. The stock moved within a range of $0.1570 – 0.1930 after opening trade at $0.1570.
R-3 Technologies Inc. Acquires Ying Inc.
The company was in the news on Tuesday after it announced that it had been successful in completing the acquisition of YING Inc. YING is an innovative skill sharing platform run by artificial intelligence and designed in such a way so as to usher in the benefits of community, financial and cultural capital effectively. It is now going to be interesting to see if the latest acquisition results in any traction for the R3T stock or not.
It should be noted that Ying has been under development for as long as seven years and now that it is ready, it is believed to be the ideal platform that could address the realities of the ‘gig economy’. As per the data from the United States government, it has been revealed that the ‘gig economy’ has been exploding since more and more people are looking for direct access to work.
To put it into perspective, there are 60 million individuals who are now described as gig workers and that number makes up 36% of all employees in the United States.
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