When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Saturday, July 12, 2014

Cynk Technology -- Yeah Markets are Rational, LOL! (video)

Here’s Why Cynk Technology Is Up 36,000%: Video - Bloomberg:
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The financial world has become obsessed with Cynk Technology, a stock that sold for a few pennies for most of its existence before exploding more than 36,000 percent to give it a market value exceeding $6 billion. Julie Hyman reports on “Big Number” on “In The Loop.” (Source: Bloomberg July 11, 2014)

The Big Picture

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Craig Newmark - craigconnects