{"id":15859,"date":"2017-10-31T09:00:16","date_gmt":"2017-10-31T13:00:16","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=15859"},"modified":"2017-12-07T06:55:50","modified_gmt":"2017-12-07T11:55:50","slug":"after-a-company-added-blockchain-to-its-name-its-share-price-surged","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2017\/after-a-company-added-blockchain-to-its-name-its-share-price-surged\/","title":{"rendered":"After A Company Added \u201cBlockchain\u201d To Its Name Its Share Price Surged"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/10\/103117_0411_AfterACompa1.jpg\" alt=\"\" width=\"641\" height=\"380\" \/><\/p>\n<p>Lisa Pham wrote about the idiosyncrasies of the stocks market:<\/p>\n<ul>\n<li>&#8220;On-line Plc&#8221; announced that its new name would be &#8220;On-line Blockchain PLC&#8221;.<\/li>\n<li>The company&#8217;s share price jumped 400% after the announcement.<\/li>\n<li>Executives hurriedly released a statement saying that their blockchain product was in an early stage.<\/li>\n<li>The share price remained elevated \u2013 adding fuel to concerns that cryptocurrencies are <a href=\"https:\/\/www.forbes.com\/sites\/investor\/2017\/05\/31\/cryptocurrency-is-a-bubble\/\">a bubble<\/a>.<\/li>\n<li>This seemingly irrational exuberance has happened before. A company in Colorado changes its name from &#8220;Bioptix Inc.&#8221; to &#8220;Riot Blockchain&#8221; \u2013 and saw its market value double.<\/li>\n<li>The social media industry \u2013 also a potential bubble \u2013 has had its fair share of vagaries too. SNAP Interactive saw its share price rise 150% soon after Snapchat announced plans to list as &#8220;SNAP&#8221;.<\/li>\n<\/ul>\n<p>Read more on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-10-27\/what-s-in-a-name-u-k-stock-surges-394-on-blockchain-rebrand\">Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lisa Pham wrote about the idiosyncrasies of the stocks market: &#8220;On-line Plc&#8221; announced that its new name would be &#8220;On-line Blockchain PLC&#8221;. The company&#8217;s share price jumped 400% after the announcement. Executives hurriedly released a statement saying that their blockchain product was in an early stage. The share price remained elevated \u2013 adding fuel to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/10\/103117_0411_AfterACompa1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=15859"}],"version-history":[{"count":2,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15859\/revisions"}],"predecessor-version":[{"id":15861,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15859\/revisions\/15861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/15858"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=15859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=15859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=15859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}