Nonexistent Tech Company Worth $4B

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wall-streetProving that no bubble can be resisted, Wall Street on Wednesday went bananas for a virtually nonexistent tech company. That company, CYNK,   had a market value of $4 billion as of closing, which is a 25,000 percent increase since the middle of June.

The company apparently has no assets, no revenue, and just one employee-Marlon Luis Sanchez. By the way, that market value makes it worth more than The New York TimesRead more at New York Magazine.

{Andy Heller-Matzav.com Newscenter}

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