Textbook Case of Crypto Hype: How Iced Tea Company Went Blockchain and Failed Despite a 289 Percent Stock Rise
Submitted by Anonymous (not verified) on Tue, 03/12/2019 - 16:16
Back in December 2017, simply adding “blockchain” to your company name could trigger a 300 percent stock rise. Long Island Iced Tea did just the same thing, but here’s why the whole beverage-firm-turned-blockchain-enterprise scheme didn’t work, despite the crypto-induced bump