THE FREE MARKET FAIRY FAILS AGAIN...

This story sounds like it came from the 19th Century, not the 21st:

Cynk Technology's Valuation Defied Gravity Without Revenue, Rousing SEC
Market Capitalization Shot Up to $6 Billion; Regulator Flags 'Potentially Manipulative Transactions'

By Jean Eaglesham and Jeff Elder
Updated July 11, 2014 8:02 p.m. ET
WSJ

The Securities and Exchange Commission is investigating how Cynk Technology Corp. CYNK -5.51% , a social network that reports zero assets, no revenue and one employee, soared to a $6 billion valuation, according to people close to the probe.

The SEC on Friday halted trading in Cynk—whose price had shot up more than 100-fold since mid-June—because of concerns about "potentially manipulative transactions" in the stock, the regulator said.

The sole employee Cynk has listed couldn't be reached for comment.