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7 companies whose stocks surged - then slumped - after jumping on the crypto bandwagon

Graham RapierDec 23, 2017, 00:41 IST

Marko Ahtisaari/Flickr

Bitcoin is in the midst of its worst weekly sell off since 2013, and almost every other major cryptocurrency slumped on Friday.

That's especially bad news for the handful of companies who recently announced a pivot to blockchain or another crypto focus. Their stock prices skyrocketed after announcing their pivots to the red-hot space, but most have settled back down - some even lower than where they were trading ahead of the announcements.

Business Insider rounded up the companies who recently announced pivots to see how much the share prices initially jumped - and where the dust settled after Friday's slump: