- Impact
- 6,717
As reported by TechCrunch:
Source:https://techcrunch.com/2017/12/21/l...s-after-changing-its-name-to-long-blockchain/
Long Island Iced Tea shares went gangbusters after changing its name to Long Blockchain
Want to increase company value on the open market? Just change your name to something blockchain. At least, that worked for the Long Island Iced Tea Corp after changing its name to Long Blockchain Corp.
In what is the most 2017 thing ever, company shares soared by as much as 500 percent in pre-market trading this morning after the company announced the name change, settling back to about a 275 percent gain.
Up until this morning, Long Blockchain was a little-known company making non-alcoholic lemonades and ice teas
Though the company says it doesn’t have any agreements in place, the company has switched its domain to http://www.longblockchain.com and the new site says Long Blockchain is in the “preliminary stages of evaluating specific opportunities.
Source:https://techcrunch.com/2017/12/21/l...s-after-changing-its-name-to-long-blockchain/