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What the Fuck is Happening With John McAfee’s New Company?

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Anthony Sullivan
May 18, 2016 17:50
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John McAfee, anti-virus software founder, current presidential candidate, and one-time murder suspect, recently announced his involvement with a company called MGT Capital Investments.

Hmmm.

But it s still much more valuable than it was a few weeks ago.

Google Finance

According to a press release last week, McAfee joined MGT as Executive Chairman and Chief Executive Officer.

By 2012, it had switched to acquiring intellectual property for online gaming platforms, and now is focused on acquiring, developing and monetizing intellectual property assets.

And according to Michael Antonelli, an institutional equity sales trader, the stock surge shows how a press release can have drastic effects on a share price—even if it doesn t last long.

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Anthony Sullivan
May 18, 2016 17:50
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