As reported Tuesday, Salon is now mining cryptocurrencies in browsers of visitors as an alternative to seeing ads. Does this latest effort by the 23-year-old progressive site reveal the tough market media companies find themselves or is it a gimmick by a small-cap company looking to lure investors with cryptocurrency cred? Modern Consensus spoke with Salon CEO Jordan Hoffner. He doesn’t have the easiest job in media. The company Hoffner has been running for the past couple of years is overshadowed by its own past as it struggles to shine. When it went public in June 1999, Salon raised $25 million and was valued at $107 million. That IPO shook up…
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Drink company sees stock soar after name change because people are stupid
The place that gave us Joey Buttafuoco is giving the world another reason to ridicule it. Long Island Iced Tea Corp., a soft drink company, saw its stock more than triple on Thursday after it changed its name to Long Blockchain. We will be patient while you beat your head into a concrete wall after reading that previous sentence. Done yet? No? O.K., just get a bandage and some aspirin and we will try to continue. As we were saying, a company that sweetened water has found a way to lure imbeciles to give it money: a name change that evokes the cryptocurrency revolution. “Long Island Iced Tea Corp. (NasdaqCM:…
