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3232Longfin Hopped on the Blockchain Hype Bandwagon and Will Soon Get Delisted
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Sat, 31 Mar 2018 18:19:17 +0000https://www.digit.info/2018/03/31/longfin-hopped-on-the-blockchain-hype-bandwagon-and-will-soon-get-delisted/Read more]]>It has become apparent that virtually every publicly traded company wants to get involved in blockchain technology. Doing so seems to give company share prices a healthy boost, although not all of these decisions work out well in the end. In the case of Longfin, its stock price is plummeting, and it will be removed from the Russell 2000 and 3000 indices very soon. Longfin Takes a Gamble and Loses Truth be told, various companies have tried to make their blockchain plans public as a way to artificially increase their stock prices. For some companies, the decision has worked out, whereas others are struggling
It has become apparent that virtually every publicly traded company wants to get involved in blockchain technology. Doing so seems to give company share prices a healthy boost, although not all of these decisions work out well in the end. In the case of Longfin, its stock price is plummeting, and it will be removed from the Russell 2000 and 3000 indices very soon. Longfin Takes a Gamble and Loses Truth be told, various companies have tried to make their blockchain plans public as a way to artificially increase their stock prices. For some companies, the decision has worked out, whereas others are struggling