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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 di
by 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 agoThe 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 agoYeah, 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 agoFrom 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.