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Elon Musk tweets ‘Baby Shark’, share price explodes

Elon Musk, December 1, 2020.
Elon Musk, December 1, 2020. - Hannibal Hanschke / AP / SIPA

BOOM After showing his enthusiasm for this song, Samsung Publishing’s share price rose sharply at the end of the day on Wednesday.

Elon Musk raised the stock market price after he tweeted about the song Baby Shark , reports The Guardian . “Baby Shark crushes everything! More views than humans, ”said the head of Tesla . This children’s rhyme has totaled 8.3 billion views on YouTube since its release.

The South Korean firm Samsung Publishing has thus seen the value of its share increase sharply. It is the second company with the most shares in SmartStudy, the producer of the song.

A 6% jump at the end of the day

In just a few hours, the value of the listed company rose 10%. At the end of the day, it finally recorded an increase of 6% on Wednesday.

This is not the first time that Elon Musk has turned the course of action upside down. In recent weeks, he has also spoken about cryptocurrencies such as dogecoin and bitcoin. Regarding the latter, the businessman had declared no longer accepting this currency as a means of payment, and wishing to return to it when “the mines will be supplied by more sustainable energies”.

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Written by Saif Ali Tai

Saif Ali Tai. What's up, I'm Saif Ali Tai. I'm a software engineer living in India. . I am a fan of technology, entrepreneurship, and programming.

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