Elon Musk has done it again, showing that the market can and will be influenced by his tweets.
The Tesla CEO, who made headlines for contributing to the rise and fall of cryptocurrencies (especially Bitcoin and Dogecoin), sent Korean company Samsung Publishing up on Wednesday after tweeting over a viral video.
The company is a major investor in SmartStudy, a Korean entertainment company that produced the baby shark sensation that Musk tweeted Tuesday night.
Baby Shark crushes everyone! More views than people. https://t.co/48Ol3ZzhjP
– Elon Musk (@elonmusk) June 1, 2021
“Baby Shark crushes everyone,” wrote the billionaire. “More views than people.”
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The video was originally published on YouTube in 2016 and has since become an international sensation with more than 8.6 million views on the platform.
Since then, it has been named the most watched video in YouTube history.
When Musk got back to the video, Samsung Publishing rose nearly 10% on Wednesday to a staggering 6.29% by the late afternoon.
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Musk’s tweet received more than 8,600 likes.
The Tesla CEO, known for tweeting cheeky jokes and memes, posted a meme on his account that appears to mock the media attention he’s getting about his impact on cryptocurrencies and the marketplace.
Found this picture of me as a child pic.twitter.com/hUEKluRAdP
– Elon Musk (@elonmusk) June 2, 2021
“I found this photo of myself as a child,” he said on a fake photo from 1980. The image contains an image of the Internet meme “doge”, which has become the symbol and inspiration for the cryptocurrency Dogecoin.
“I have to hide my passion from the public, otherwise I’ll be socially ostracized,” says the caption.
His 56.3 million followers on Twitter quickly caught on.
“My God. Stop. For the sake of your shareholders. Stop,” tweeted one.
Dogecoin was up 24.61% over a 24-hour period through Wednesday afternoon.