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A Tea Company's Stock Doubled When It Added 'Blockchain' to Its Name


Kargai

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Posted

Sometimes you don't need to think too much on how you can make money with your company, sometimes it just take a rebrandind and a new name.

Especially with a fashion word that most of the people don't really understand, let's say ... blockchain.

Long Island Iced Tea Corp. decided to rename the brand in Long Blockchain Corp. and by only changing that the price of their shares rise by almost 300 percent ! Bingo ! 

That's not even related closely to the subject (beverage vs blockchain, not even close) but still they find a way to make quick bucks ^^

Source : https://www.vice.com/en_us/article/9knbea/a-tea-companys-stock-doubled-when-it-added-blockchain-to-its-name

Posted

Talk about random pumps. The new name doesn't even sound right to me.

This madness might not end well, particularly with people adding fuel by taking out loans. Lots of newcomers for scammers to take advantage of, too. 

 

Posted

What a strategy to add sales. Seems like this is false marketing, misleading clients/customers to be able to increase sales. Lol.

Oh well it works for them. Reaching the quota?

Posted
45 minutes ago, Kargai said:

New developments in the story, the Tea company is planning now to open ... a mining farm. Could it be that they now have see some potential there ? The company made headlines all over the world when it rebranded, and its shares spiked by 432 percent in a single day.

https://news.bitcoin.com/former-iced-tea-firm-plans-to-mine-bitcoin-in-the-nordic-region/

 

Lol that’s what’s up? they saw potential business during those times then. Welcome welcome to cryptocurrency world :D;)

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