[smenyp]

This is nothing particular to India. On the day Snapchat went public, investors in the US bought the wrong company - Snap Interactive. These were investors, who were putting their money at risk!

Point is, this happens everywhere and people are irrational.

http://www.cnbc.com/2017/03/02/snap-interactive-shares-brief...

[clock_tower]

I've heard there's also a penny stock with the symbol NEST, which shoots up every time Nest (which is privately held) is in the news...