Private messaging application company DatChat Inc. (DATS) in New Brunswick, N.J., raised nearly 11.04 million in its stock market debut on Aug. 13, 2021. This month, the company announced the development of a Web 3.0 platform. According to an official release, the platform will "use DatChat technology as the foundation for a decentralized advertising network for Web 3.0 and Metaverse applications."
However, the stock has slumped 70.7% in price over the past three months and 21.8% over the past month. Closing yesterday's trading session at $2.65, the stock is currently trading 85.7% below its $18.50 all-time high, which it hit on Sept. 29, 2021.
