The latest company to experience a surge in the stock market after an Elon Musk tweet? Samsung Publishing, a “major shareholder in the producer” of the hit children’s song “Baby Shark.”
“Shares of Samsung Publishing, a major shareholder in the producer of ‘Baby Shark,’ soared on Wednesday after a tweet by Tesla CEO Elon Musk about the viral children’s song,” reported CNBC.
CNBC added that shares of the South Korean company, Samsung Publishing, “soared more than 10% at one point during regular trading on Wednesday, before paring some gains to close 6.29% higher.”
This surge in stock price was triggered by Musk’s response to a South Park tweet, writing, “Baby Shark crushes all! More views than humans.”
Baby Shark crushes all! More views than humans. https://t.co/48Ol3ZzhjP
— Elon Musk (@elonmusk) June 1, 2021
The viral video became YouTube’s most-watched video of all time in November 2020, with Pinkfong — a South Korean recording company — making millions of dollars from YouTube streams alone. Samsung Publishing