█ CYNK Technology
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Eröffnet am: | 10.07.14 20:32 | von: Happy End | Anzahl Beiträge: | 12 |
Neuester Beitrag: | 28.07.14 22:57 | von: M.Minninger | Leser gesamt: | 3.728 |
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weiter: http://www.finanzen100.de/finanznachrichten/...inn_H1758462343_68745/
If you thought the potato-salad Kickstarter story was a crazy example of free markets run amok, here's one that's even more surreal: A social-media company called CYNK Technology is exploding in the stock market. If you've never heard of CYNK Technology, you're forgiven — the company has no assets, no revenues, and a single employee. It's not even clear if the company's social network, IntroBiz, has any members. As of today's close, the company's market value is over $4 billion, making it more valuable, on paper at least, than companies like JetBlue and the New York Times.
http://nymag.com/daily/intelligencer/2014/07/...-worth-4-billion.html
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By Tomi Kilgore
CYNK
NEW YORK (MarketWatch) -- The Securities and Exchange Commission on Friday has suspended trading in shares of Cynk Technology CYNK -5.51% , citing concerns regarding the "accuracy and adequacy" of information in the marketplace and "potentially manipulative transactions" in the stock. Shares of the company, which operates a social network, closed Thursday at $13.90, or up about 23,000% since June 16, when it closed at 6 cents. Despite the gains, the Belize-based company had reported no revenue or assets, and just one employee. The SEC said the trading suspension will be lifted at 11:59 p.m. Eastern time on July 24.