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WTF. Clickbait title. Even bloomberg knows it's not accurate. From the story itself: "Long Island Iced Tea Corp. shares rose 238 percent after the company rebra
by jrs235 9y ago
WTF. Clickbait title. Even bloomberg knows it's not accurate. From the story itself: "Long Island Iced Tea Corp. shares rose 238 percent after the company rebranded itself Long Blockchain Corp."
238 != 500
Anyways, I think it's still crazy what blockchain mania is doing/causing.
- yohann305 9y agomaybe there're expecting to jump to 500% after we read the article...
- pessimizer 9y agoCheck the chart at the bottom of the article. It went up 500%, then dropped. Since the article, it seems to only be up 190%. I imagine that over the intervening period, some value investors independently investigated the exact nature of Long Blockchain's technical innovations in the distributed thirst-quenching space.