The head of the American electric car manufacturer Tesla, Elon Musk, raised the value of shares of a foreign company with the help of his tweet. Etsy’s stocks rose more than 11 percent and climbed above $ 232 after an entrepreneur posted on social media that he loved the service. This is evidenced by the trading data.
“I kind of like Etsy. Bought a hand-knitted Martian helmet for my dog.” a> Mask. We are talking about the villain, the cruel ruler of Mars from the animated films “Looney Tunes” and “Funny Melodies”, who wants to destroy the Earth and enslave the galaxy.
This is not the first time that a tweet by Elon Musk about a company leads to an increase in its shares. In early 2021, the entrepreneur raised the value of the shares of Japanese video game developer Bandai Namco by publishing a meme with the game and anime character Idolmaster. The company’s shares rose 4.4 percent on the Tokyo stock exchange.
In January, Musk also mentioned the Signal messenger on his Twitter. After that, the shares of the company with the similar name Signal Advance soared by more than 6 thousand percent. Signal shares, which Musk wrote about, are not traded on the exchange.