Tesla's CEO Elon Musk.
Tesla and SpaceX CEO Elon Musk tweeted Tuesday that he was”off Twitter for a while.”
Gamestop, Etsy, and a Japanese video-game manufacturer have all seen share gains following recent tweets in Musk.
This is not the first time Musk has stated he is taking a Twitter breakdown. In addition, he stated that he was stepping away in June 2020 — he returned days later.
Visit Business Insider’s homepage for more stories.
Billionaire Elon Musk, whose tweets have changed the stock market over the past week, announced Tuesday that he was taking a rest from Twitter.
“Off Twitter for a while,” Musk tweeted to some 44.8 million followers, but gave no additional specifics.
This fracture may not last long. The last time Musk declared he was stepping away from Twitter was in June – that he stayed out for 2 days. In 2019, he explained that he was stopping the social networking website only to yield three days later.
The SpaceX and Tesla CEO’s recent tweets have had a significant effect on the stock market. On Sunday, Musk said that he was”on Clubhouse tonight at 10pm LA time.” Shares of Clubhouse Media Group shot up and whined about 45 percent Monday – although this was not the company that Musk tweeted concerning. He was speaking to the independently owned Clubhouse audio app, famous for hosting Silicon-Valley leaders and celebrities.
Bitcoin jumped up to 15% on Friday following Musk added”#bitcoin” to his Twitter bio. Musk later posted a tweet saying:”In retrospect, it was inevitable.”
Gamestop shares exploded another 157% on Wednesday, January 27, following the tech billionaire tweeted“Gamestonk!!” In after-hours trading Tuesday.
Online market Etsy rose by about 3.5% on January 26, minutes following Musk tweeted“I kinda love Etsy,” adding that he bought a hand-knit woolen’Marvin the Martian’ helmet for his dog.
And on January 13, shares of Bandai Namco, a Japanese video game maker, jumped 4 percent following Musk tweeted that a meme that comprised a character out of one of its games. “Hey you … Yeah you Queen … You’re gonna make it!” That he tweeted, adding heart emojis.
Read the original post on Business Insider
Article Source and Credit feedproxy.google.com http://feedproxy.google.com/~r/businessinsider/~3/J9K3DXD3mW0/elon-musk-twitter-break-tweets-while-2021-2 Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com
Leave a Reply
You must be logged in to post a comment.