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I think this might be block chain's pets.com moment. If this weren't from Bloomberg, I would honestly think this was satire.
by ecshafer 9y ago
I think this might be block chain's pets.com moment. If this weren't from Bloomberg, I would honestly think this was satire.
- adventured 9y agoThis is the fourth or fifth of these I've seen in the last year. Riot Blockchain for example, which used to be a worthless, failing, tiny biotech company. Overstock.com pulled a version of this fraud (I'm calling it a fraud, they may be technically legally in the clear; I believe these companies are commiting intentional fraud however, knowingly misrepresenting critical facts about their business to shareholders).
- jeffwass 9y agoThis reminds me of the Linux moment. As in, back around 1999, companies with Linux in their name saw their value skyrocket, regardless of how associated their core business was with Linux. Supposedly a key reason VA Linux (now Geeknet) named themselves that way and used NASDAQ Ticker LNUX.