A two-word tweet from Musk can send stocks soaring — and has in the case of GameStop and Signal Advance.Elon Musk, the world's second-richest man, also has the golden touch when it comes to Twitter.
A two-word tweet from Musk about Signal, the encrypted messaging app, boosted the stock of the unrelated company Signal Advance by nearly 7,000%. And since he put #bitcoin in his Twitter profile at 3:00 am ET on Friday, when the cryptocurrency was at $33,000, it has topped $38,000. His prolific tweeting has gotten him in trouble before. In the fall of 2018, he issued a statement on the platform suggesting that he taking Tesla private and that he had"funding secured," and was slapped with aMusk later tweeted that the post was"worth" the fine, and his Twitter finger hasn't been deterred since. Investors in everything from dogecoin to GameStop have reaped the benefits.
While correlation isn't necessarily causation, Insider's chart below looks at how four well-timed Musk tweets have coincided with rising values for the companies
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the ultra-premium aircraft Singapore Airlines is using for world's longest flight - Business InsiderThe new world's longest flight is getting an upgrade as Singapore Airlines builds back up in the US — see inside the luxurious plane
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside JetBlue's Mint business class that will take flyers to LondonSee inside the first JetBlue plane with all-new Mint business class suites which are set to impress on upcoming flights to London Lol What's a plane?
Source: BusinessInsider - 🏆 729. / 51 Read more »