4 ms·
This has all happened before and will again. In the 90’s you could prefix your company name with “e-“ or suffix it with “web”, or actually have the “.com” in t
by highwaylights 3y ago
This has all happened before and will again.
In the 90’s you could prefix your company name with “e-“ or suffix it with “web”, or actually have the “.com” in the registered company name and your stock would immediately skyrocket.
(I’m not kidding or exaggerating - things got that OTT before the bubble burst).
https://en.m.wikipedia.org/wiki/Dot-com_bubble https://en.m.wikipedia.org/wiki/Dot-com_bubble
“As a result of these factors, many investors were eager to invest, at any valuation, in any dot-com company, especially if it had one of the Internet-related prefixes or a ‘.com’ suffix in its name.”
- jowea 3y agoAnd just in case you need more proof this is just the current year edition of an old thing: https://en.wikipedia.org/wiki/Buzzword_compliant#Examples https://en.wikipedia.org/wiki/Buzzword_compliant#Examples
- jaymzcampbell 3y agoSimilarly reminded me of the blockchain hype which you knew was just getting out of control when "On-Line PLC" by simply adding said word saw summarily a 4x increase in their share value over night (it's since fallen back to it's pre-2017 value range). https://www.bloomberg.com/news/articles/2017-10-27/what-s-in-a-name-u-k-stock-surges-394-on-blockchain-rebrand https://www.bloomberg.com/news/articles/2017-10-27/what-s-in...