Iced Tea Company’s Stock Price Triples after Rebranding to “Long Blockchain Corp.”

Megalith

Megalith

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The Long Island Iced Tea Corporation is exactly what it sounds like: a company that sells people bottled iced tea and lemonade. But today, the company announced a change of strategy that would start with a new name: "Long Blockchain Corporation." As a result, trading opened this morning more than 200 percent higher than last night's closing price.

While the parent company is shifting its primary corporate focus towards the exploration of and investment in opportunities that leverage the benefits of blockchain technology, it will continue to leverage its ownership of the iconic Long Island Iced Tea brand name and its existing beverage portfolio.
 
...if they come out with a sugar free version or a new flavor, can they still use the name "blockchain"? :unsure:
 
i wonder who was left holding the bag after they realized the error
 
This is not the only company to do this with a similar result.

But it's not a bubble, naturally, as all Bitcoin enthusiasts on Twitter love to parrot.
 
Like I said just a few days ago, crypto is just a buzzword now, blockchain is to. Ridiculous shit going on.
 
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