Decentralized cryptocurrency loan platform 'Lendf.Me' suffered a security breach earlier this year, around $25 million worth of cryptocurrency was stolen.
In the 90's American investors became rich investing in any company with ".com" in it's name.
Did the company need to be making a profit? Nope. Did they need a plan to eventually make a profit? Again, no. But that didn't stop a company from being valued at $50 million.