Elon Musk sends wrong Signal, investors fly in
Elon Musk, the world’s richest man, has given investors a proverbial hospital pass, after a two-worded message on Twitter was misinterpreted by the market.
Signal, a non-profit messaging service, which has gained traction lately given the mass migration of WhatsApp users to other communication platforms, was the subject of Musk’s Twitter message.
Unknowingly, investors soared into penny stock ‘Signal Advance’, a medical device company with no association to the Signal app. The share exploded over 5000% to reach a high of $70.85 in trade on Monday, increasing its market capitalisation to over $300m from a mere $6m a week prior.
Short Tweet From Elon Musk Sends Random Stock Soaring
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Elon Musk tweeted Use Signal Investors plowed into the wrong one
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