A company added the word ‘blockchain’ to its name and its shares surged(bloomberg.com)

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

https://www.bloomberg.com/news/articles/2017-10-27/what-s-in-a-name-u-k-stock-surges-394-on-blockchain-rebrand

7 comments

iaw9 anni fa

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.

kicarus9 anni fa

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."

existencebox9 anni fa

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.

rayuela9 anni fa

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.

continuations9 anni fa

If only they had changed their name to On-line Blockchain ICO Deep Learning Self-Driving Cloud Plc...

omgbananas9 anni fa

Isn't this what companies were doing back during the dot-com boom?

[deleted]9 anni fa