Elon Musk tweets send 'Baby Shark' investor shares soaring
Tesla Motors Inc
$431.66
13:10 27/12/24
-4.95%
-$22.47
Shares in Samsung Publishing, investor of the producer of “Baby Shark”, surged 6.29% on Wednesday after Tesla chief executive officer Elon Musk tweeted about the song.
Nasdaq 100
21,473.02
12:15 27/12/24
-1.36%
-295.30
Shares of Samsung Publishing in South Korea soared more than 10% at one point during regular trading but later calmed down to end the day of 6.29% higher.
Shares of Samsung Publishing surged more than 76% in 2018 after the viral song “Baby Shark” cracked the charts.
Musk tweeted on Tuesday morning Asia time, saying: “Baby Shark crushes all! More views than humans.”
This is yet another example of Musk’s apparent outsized influence.
Recently, cryptocurrencies such as bitcoin or dogecoin have seen significant price moves after the Tesla CEO commented about them on Twitter.