“Bought a hand knit wool Marvin the Martian helm for my dog. “I kinda love Etsy,” Musk wrote on Twitter. Earlier in the day, the Tesla CEO praised Etsy after buying a hand-knit wool outfit for his dog. Musk’s Tuesday tweet was not the first time he had influenced stock prices. Elon Musk, the CEO of SpaceX and Tesla, hopped on the GameStop bandwagon with a single tweet that said, 'Gamestonk' This post was enough to push the price of the company's stocks higher. Mr Musk tweeted 'the bird is freed' and later said 'let. Like last year’s craze for the American games retailer (Gamestonk as Mr Musk called it), he promotes the idea that the normal rules of investment do not apply. When trading ended Monday, the company’s stock hit $76.79 and jumped to $96.67 on Tuesday. The worlds richest man, Elon Musk, has completed his 44bn (£38.1bn) takeover of Twitter, according to a filing with the US government.
On April 1, the company’s stock price was at $3.25. In April, GameStop reportedly suffered financially as the coronavirus pandemic forced the company to shut 300 physical stores permanently. GameStop Corp., a Fortune 500 company in Texas, is one of the world’s largest retail gaming stores that offers games and accessories for various consoles, including Xbox One X, PlayStation 4 and 5, and Nintendo Switch. He owns 1.7 million GameStop shares, which has ballooned to $250 million from $17 million as of Tuesday. Burry made a substantial investment in GameStop in 2019. This is unnatural, insane, and dangerous,” Burry wrote in a now-deleted tweet.īurry, head of Scion Asset Management, told Barron’s he deleted the post after he tagged the wrong SEC Enforcement Twitter account. However, what is going on now – there should be legal and regulatory repercussions. “If I put $GME on your radar, and you did well, I’m genuinely happy for you. While GameStop’s investors celebrated the company’s stock surge, high-profile investor Michael Burry warned that the rise is “unnatural, insane and dangerous.” 26, Musk tweeted in support of the WallStreetBets community hyping the stock. Gamestonk!! - Elon Musk January 26, 2021Įarlier in the day, Social Capital’s Chamath Palihapitiya announced he had purchased GameStop call options, causing the stock to surge. Elon Musk tweet fuels frenzied GameStop surge By Allison Morrow, CNN Business Updated 6:43 AM EST, Thu JanuLink Copied GameStops ascent: Reddit traders vs hedge funds 02:40. Amateur investors continued a frenzied runup of GameStop for the fourth session in a row, with the stock ending Tuesday up more than 92, or about 148 a share. Elon Musk's tweet drove GameStop stock higher.
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