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Gonna Put A Hundred On The Philadelphia Eaglets To Win The Super Bowl
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If you've ever doubted that the stock market is largely a casino often detached from reality, here's proof: The popularity of the IPO for Zoom Video Communications also sent a penny stock called Zoom Technologies soaring 27,000 PERCENT SINCE MARCH 21ST. That's not a typo. And it's because gamblers... er, investors bought the stock with the symbol ZOOM that is not the stock in the IPO. This is far from the first time mistaken identity sent a penny stock into the stratosphere. Stupidity is making some people rich. (New York Times)
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