Proving 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 Times. Read more at New York Magazine.
{Andy Heller-Matzav.com Newscenter}
Just goes to show you how the whole stock market is one big sham!
just goes to show how much the new york times is really worth
Glad I canceled my _Times_ subscription.
add the e
can anyone explain this thing?
of course but I cant
so who could
I dnt know