Bitcoin, Signal, Etsy: How Tweets From Elon Musk Sent Prices Shares Soaring
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How much can the world's richest man affect the workings of the world? Quite a bit, actually.
Tesla CEO and SpaceX Boss, and currently world's richest man, Elon Musk has always been a universal guide and guru on the Internet. Musk, who often puts out bizarre things from his Twitter profile, has voluntarily or involuntarily managed to influence several products and companies.
Musk, who puts out tweets about space, science, cat gifs, anime girls and often what you should support, holds a strange leeway with everyone: A single tweet can lead to a never-seen-before surge in prices of holdings and stocks. It's what the Internet had now coined 'The Musk Effect.'