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by guidovranken 1960 days ago
Theranos is the most extreme example of blowing up the hype to biblical proportions while producing absolutely nothing and while the company is now defunct, Holmes was a billionaire for years. She got a lot out of it.

IBKR banned trading Gamestop. It did almost nothing to IBKR stock and it's currently at a near ATH.

TWTR took a plunge after purging accounts including Trump's, but is now at a 5 year high.

Before there was ubiquitous internet access, a scandal could terminate a company. News Of The World went out of business after hacking people's phones and engaging in other unsavory practices.

But a lot of these global internet companies 1) have a potential market of up to billions of users 2) are quasi-utility companies in that they provide more or less essential services (communication, search, payments, investing). They are almost to big too fail and the Gamestop incident will probably be a nothingburger in the greater scheme of things.