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mgazel

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mgazel

Re: unityriver post# 1718

Tuesday, 04/23/2019 5:07:06 PM

Tuesday, April 23, 2019 5:07:06 PM

Post# of 17109
Why not? Read this :)

Gateway Industries
Gateway Industries was by all measures an insignificant website design firm. Trading for just a penny per share, its sole employee, CEO Jack Howard, wasn't viewed as particularly talented. Then on Feb. 11, 2011, a black swan event occurred when famed media entrepreneur Robert F.X. Sillerman announced he would be acquiring Gateway. Based solely on Sillerman's reputation, Gateway's stock immediately spiked over 20,000% to $2.97 per share. Sillerman then consolidated Gateway Industries with a handful of other firms, to create his startup firm, Viggle Inc.

https://www.investopedia.com/articles/stocks/12/most-shocking-stock-increases-falls.asp
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