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Is this an Onion headline or Bloomberg?
Old 12-21-2017, 05:29 PM   #1
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Is this an Onion headline or Bloomberg?

Is this a joke?

"Long Island Iced Tea Soars After Changing Its Name to Long Blockchain"
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Old 12-21-2017, 06:55 PM   #2
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Please do not post naked links. This is a story about a company that changed it's name to include the word blockchain, even though the company has nothing to do with cryptocurrency and saw a huge one day jump in it's stock price.
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Old 12-21-2017, 06:56 PM   #3
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Probably not... numerous news reports on it .... we're definitely in a greed phase it seems.
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Old 12-21-2017, 06:59 PM   #4
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Quote:
Originally Posted by growing_older View Post
Please do not post naked links.
Precisely. As the Community Rules say
Quote:
Please do not post “naked” links, defined as links posted without explanation, interpretation or context.
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Old 12-21-2017, 09:23 PM   #5
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No joke.

This happened before in 1999 when companies renamed themselves to have ".com" in the name or logo, and saw a big jump in share prices.

A company called BiOptix changed its name to Riot Blockchain, and also dropped its biotech business, whatever it was doing, to do blockchain. Share price jumped.
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Old 12-21-2017, 09:27 PM   #6
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How do you spell irrational exuberance?
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Old 12-21-2017, 09:32 PM   #7
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No, it's business astuteness to sell to the public what it wants to buy.
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Old 12-22-2017, 12:17 PM   #8
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Here's another beverage company that's getting into crypto stuff.

What used to be Skypeople Fruit Juice decided that there's more juice in blockchains. It now calls itself Future Fintech Group.

Buy, buy, buy...
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