Pure Madness: Revenueless, Assetless SYNC Soars Over $5Bn; Bigger Than GameStop, Cablevision, Jabil Circuit
Well that escalated quickly... CYNK Technologies - which we first exposed to the world here - has gone from dumb to dumber. "Traders" just bid CYNK at $18.50 this morning (on less than 100,000 shares) meaning this asset-less, revenue-less shell of exuberance now has a market cap over $5.4 billion.
That leaves CYNK more "valuable" than all of the following companies...
As a reminder, this idiocy is a glimpse of what the Fed's central planning has done to the S&P 500.