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A company added the word ‘blockchain’ to its name and its shares surged

• deleted 9y ago
  [deleted]
• iaw 9y ago
  Something similar happened a while back. I can't remember the stock name but it was pretty clear people were buying/selling it because they thought it was a different non-public company. Investing this way is more like roulette.
  • kicarus 9y ago
    The article mentions that: "In what seems to be a case of mistaken identity, a New York-based startup called SNAP Interactive Inc. jumped more than 150 percent in the days after Snap Inc. filed for a $3 billion initial public offering in February. Little-known SNAP Interactive makes mobile dating apps, while Snap Inc. is the parent of the popular Snapchat photo-sharing app."
  • rayuela 9y ago
    Yeah, I forget the name of the company, just remember it was a biotech firm that did the same thing with similar success a few months back.
  • existencebox 9y ago
    From TFA: Shares in Colorado-based Bioptix Inc. nearly doubled in value in the days leading up to its name change to Riot Blockchain Inc. earlier this month.
• continuations 9y ago
  If only they had changed their name to On-line Blockchain ICO Deep Learning Self-Driving Cloud Plc...
• omgbananas 9y ago
  Isn't this what companies were doing back during the dot-com boom?