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posted by takyon on Friday September 21 2018, @07:12AM   Printer-friendly
from the I'm-not-afraid!-You-will-be!!! dept.

From the fine pages of the New York Post, such as they are:

Shares of Peter Thiel-backed marijuana grower Tilray soared as much as 94 percent on Wednesday, briefly hitting a market value of $28 billion, as bullish comments from the company's chief executive stoked Wall Street's growing euphoria over marijuana stocks.

But late in the afternoon, the shares crashed, falling briefly into negative territory before spiking in the final minutes to close the day at $214.06, up 38 percent. Traders blamed the wild ride, marked by at least four halts for volatility, on a short squeeze as pot-addled investors tried to get their heads around the budding business of legalized weed.

Despite the bumpy day, shares of the Canada-based pot farmer — which are up 10-fold from their debut on the Nasdaq in July — closed with a market capitalization of $19.93 billion, bigger than Expedia, Dish Networks and Mylan. Twitter, which briefly got eclipsed by Tilray, closed Wednesday with a market cap of $22.3 billion.

Thiel, the libertarian tech tycoon who backed Donald Trump in 2016, is rolling in the green thanks to Tilray's runup. Pot-focused private equity fund Privateer Holdings, in which Thiel is a big investor, owns 76 percent of Tilray's stock — making the fund's stake worth roughly $15 billion.

Wow, better than a Tesla pump-and-dump, no doubt due to the mimetic transfusion of young non-gay blood!

See also: Investing in cannabis is 'a great hedge' for alcohol and drug companies, CEO of medical marijuana producer Tilray says
Canadian cannabis producer Tilray had a wild day after its CEO appeared on Cramer's 'Mad Money' (TLRY)
It's Time for a Reality Check About Tilray
Weed is the new blockchain
Tilray Is Partying Like It's 1999 (and It Won't End Well)
Pot-focused investment fund backed by Peter Thiel gets a boost from its big stake in Tilray


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  • (Score: 0) by Anonymous Coward on Friday September 21 2018, @08:33AM (5 children)

    by Anonymous Coward on Friday September 21 2018, @08:33AM (#738017)

    > no doubt due to the mimetic transfusion of young non-gay blood

    So I know of the trashy "Thiel is a vampire" attacks, but what's with the "non-gay"?

  • (Score: 0) by Anonymous Coward on Friday September 21 2018, @08:54AM

    by Anonymous Coward on Friday September 21 2018, @08:54AM (#738020)

    Not sure myself, but maybe it is that gay blood is attracted to the same blood, and so promotes clotting, or to put it differently, the blood would tend to hulk up and hogan to sue a new publication until it was dead. Like that. Alternatively, maybe it is just that you want virgin blood, and everyone is hetero until they are not, if you know what I mean. Then you only have to worry about parental STDs.

  • (Score: 0, Insightful) by Anonymous Coward on Friday September 21 2018, @03:42PM (3 children)

    by Anonymous Coward on Friday September 21 2018, @03:42PM (#738180)

    Yeah, that comment was completely inappropriate and out-of-place. If Soylent wants good discussions they need to not have troll comments in the submissions. Editors: Get rid of that garbage.

    • (Score: 0) by Anonymous Coward on Friday September 21 2018, @06:39PM (2 children)

      by Anonymous Coward on Friday September 21 2018, @06:39PM (#738295)

      On the other hand, often it is useful to know about the other investments of someone behind a stock bubble.

      Pot-focused private equity fund Privateer Holdings, in which Thiel is a big investor,

      And if one of those other investments is injecting himself with young blood [vanityfair.com], or bankrolling a vendetta against a news organization [nytimes.com], these are things investors should be aware of before following his lead. And then there is being a "Trump advisor", caveat investor!

      • (Score: 1) by khallow on Saturday September 22 2018, @01:46AM

        by khallow (3766) Subscriber Badge on Saturday September 22 2018, @01:46AM (#738440) Journal

        And if one of those other investments is injecting himself with young blood, or bankrolling a vendetta against a news organization

        Depends whether they think those activities are investments or not. Doesn't sound like Thiel does, but perhaps I'm wrong.

      • (Score: 0) by Anonymous Coward on Wednesday September 26 2018, @10:11AM

        by Anonymous Coward on Wednesday September 26 2018, @10:11AM (#740094)

        A """news""" organizations that outed him as gay while he was in a majority Muslim country.

        What a terrible person.

        I still don't understand why non-gay blood was used in the summary. To pass him as a homophobe? Could anything be more inaccurate in this case?