Freshly Minted

Freshly Minted: Kim Kardashian’s App Might Not Live Up to Stock Hype

Some traders have already begun shorting the stock, ie: making bets that the price of Glu shares will plummet. Their expression is pictured above. (via Imgur)

Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week and tell you what you need to know and why it matters.

The deal(ish): The hype around the new Kim Kardashian game is causing sudden spike stock price for the game developer, setting stockholders up for a nasty surprise.

We’re not in a tech bubble. We’re just not, and anybody with a decent understanding of market economics can see it pretty clearly. But that doesn’t mean that hype can’t get the best of the market, and set investors up for some pretty public disasters.

The latest impending disaster waiting to happen starts with, of all people, Kim Kardashian. Read More