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Stock impact report

Satire: State Fair Corn Dogs Changes Name to Crypto Dogs, Parent Company Stock Jumps 500% [Fortune]

LONG BLOCKCHAIN CORP COMMON (LBCC) 
US:NASDAQ Investor Relations: investors.longislandicedtea.com
Company Research Source: Fortune
State Fair Corn Dogs CEO Jorson Demamp announced Tuesday morning that his beloved and venerable company was making a remarkable pivot. State Fair will change its name to Crypto Dogs and diversify into blockchain technology. “We’re going to put meat on a stick on a blockchain,” Demamp told Fortune in an interview just before the announcement. “Those bastards at Foster Farms won’t know what hit them.” When pressed on specifics of the company’s plans, Demamp made the ‘jazz hands’ gesture and said “Razamatazz!” in a 1930s vaudeville voice. Crypto Dogs is just the latest in a string of companies to add “blockchain” branding and see their market cap rise. Companies including Long Blockchain (formerly Long Island Iced Tea), Longfin (formerly in real estate), Riot Blockchain (formerly a biotech firm called Bioptix) and Crypto International Partners (formerly a pile of wet mattresses east of Shreveport) have seen massive stock surges after declaring they would explore blockchain Show less Read more
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