July 10, 2014 10:21 AM Subscribe
"[I]t is nothing short of a testament to just how broken this excuse for a market is that a company with no assets, no revenues, no website, and one employee can go from zero value to nearly $5 billion in market cap in a few days, adding 150%, or over $2 billion in market cap today alone." The strange story of CYNK Technologies. And while news of CYNK began spreading yesterday, the stock was, at one point today, oddly up another 57%, hitting a market cap of over $6 billion.
This thread has been archived and is closed to new comments