The Efficient Market: Yelp Call Options Up 64,000%
Daniel Drew, 5/7/2015
Because nothing says "efficient markets" like a 64,000% gain in one day.
And all this for a company whose business model is based on extortion. Considering how even police revenue depends on extortion, it should be no surprise that an extortion derivative goes up to the stratosphere on a day when unsubstantiated buyout rumors pervade the offices at The Wall Street Journal.
The WSJ said, "A deal isn't imminent, one of the people cautioned, and may not happen at all."It's just another day in the rigged marketplace.