Nonexistent Tech Company Worth $4B

Proving that no bubble can be resisted, Wall Street on Wednesday went bananas for a virtually nonexistent tech company. That company, CYNK, had a market value of $4 billion as of closing, which is a 25,000 percent increase since the middle of June. The company apparently has no assets, no revenue, and just one employee—Marlon Luis Sanchez. By the way, that market value makes it worth more than The New York Times.