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Shares of ‘Baby Shark’ investor soaring after tweet from Elon Musk

first_imgAdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementTags: Baby Sharkelon muskStocks Bitcoin sinks 12% after Elon Musk tweets that Tesla won’t accept it as payment May 14, 2021 RELATEDTOPICS Scammers posing as Elon Musk are stealing from young investors, FTC says May 18, 2021 Prophetic investor that predicted housing market crash is betting against Tesla stock May 19, 2021 Elon Musk’s ‘Starlink’ Satellite spotted in Sanibel May 12, 2021center_img Advertisement AdvertisementWednesday’s surge is yet more evidence of Musk’s apparent influence on investors.Cryptocurrencies such as bitcoin and dogecoin previously saw sharp moves in their prices following comments by the tech billionaire. His tweets have previously also been linked to moves in the stock market in so-called meme stocks such as GameStop. The Baby Shark video was created by Samsung’s Pinkfong division, which SmartStudy says “develops creative, animated content to provide stimulating and fun learning experiences to children worldwide.” NEW YORK / CNBC — Shares of Samsung Publishing, a major shareholder in the producer of “BabyShark,” spiked on Wednesday after a tweet by Tesla CEO Elon Musk about the viral children’s song.The South Korean shares soared more than 10 percent at one point during regular trading on Wednesday, before closing out 6.29% higher. The company has no affiliation with South Korean conglomerate Samsung Group, even though they share the Samsung name.Wednesday’s gains came on the back of a tweet by Musk on Tuesday morning Asia time, which said: “Baby Shark crushes all! More views than humans.”The stock remains off its year-to-date high of 59,000 Korean won in April, according to data from Refinitiv Eikon, though it has already surged more than 97% since the start of the year. Samsung Publishing shares were sitting at 47,300 Korean won by Wednesday’s close. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more