Sometimes business success can be very, very simple: a bit of a Bitcoin allusion – and the cashier is already ringing.
Thanks to the hype surrounding crypto currencies, a US beverage producer has achieved a terrific stock market success. And that by the mere renaming of the company!
Recently, the Long Island Iced Tea Corp (making iced tea and sodas) from Long Island in the US made losses. But after the company renamed itself into Long Blockchain Corp., the stock exploded!
On Wall Street, the price jumped nearly 200 percent on Thursday.
The beverage company announced at the same time with the renaming that its parent company wants to invest in digital currency technologies from now on. Although the plans were extremely vague (it is currently in an “early phase of exploring the possibilities,” it was said) – but the investors did not care. They bought what they could get.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
