Kodak stock price up 89% after announcing ICO [TechCrunch Blog]
LONGFIN CORP A (LFIN)
US:NASDAQ Investor Relations:
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Source: TechCrunch Blog
Hi! The 130 year old Eastman Kodak company announced an ICO yesterday because it’s 2018 and nothing matters. Since the announcement, the stock price is trading up 89%, currently at $11.90. The stock price has not been this high since March 2017. Kodak isn’t the first company to see explosive stock gains after announcing a cryptocurrency product. Others like Veltyco, LongFin and even Long Island Iced Tea Corp all saw triple digit gains thanks to a cryptocurrency move. Kodak’s ICO is designed to develop a blockchain system to secure digital photography rights and ensure photographers receive royalties. The company even revealed at CES 2018 a mining rig . At this point someone could make a quick buck by buying the rights to Blockbuster or Borders Books and announce a cryptocurrency plan. Featured Image: spDuchamp / Flickr UNDER A CC BY 2.0 LICENSE 0 SHARES Advertisement
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