Cynk Tech plummets 85 percent as trading suspension ends

By Rodrigo Campos NEW YORK (Reuters) - Cynk Technology shares plummeted to close down about 85 percent on Friday after a trading suspension was lifted, but the stock was only being exchanged in private deals. Based in Belize, Cynk became one of the market's biggest stories as volumes soared and the social media company briefly became valued at more than $6 billion, despite having no revenue and being described as a "development stage" company.



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