Tech Company With $39 In Assets Now Worth More Than $6B
July 10, 2014 at 12:28 PM EDT
Are we in a bubble? We’re in a bubble. CYNK Technology, a ‘company’ with a grand total of $39 in assets, has seen its share price rise dramatically, spiking to a valuation of more than $6 billion in a matter of days. The company’s 52 week low valued the firm at less than $18 million. Haven’t heard of CYNK? You are not alone. Despite having a valuation higher… Read More