Billionaire Elon Musk – Photo: Bloomberg Recently, Elon Musk’s tweet about the popular children’s song on YouTube “Baby Shark” helped the stock price of a related company increase sharply, according to Bloomberg. Specifically, on the morning of June 2 (Asia time), Musk tweeted: “Baby Shark crushes them all! Views are more than the population of the earth.” Immediately, the share price of Samsung Publishing Co., a shareholder of the “Baby Shark” manufacturer, increased by 10% to the highest level since May 7. Since 2018, when the song became popular, the stock price has quadrupled. The song “Baby Shark” (Doo Doo Doo Doo Doo Doo) started to hit the headlines in 2018, charting on the Billboard Hot 100 for weeks and now has nearly 8.7 billion views on YouTube. Even last month, a virtual currency named Baby Shark. The influence that turned the financial markets around from Elon Musk’s tweets made many investors concerned and called for authorities to step in. Many losers angrily urged him to stop using Twitter. Earlier this year, the move to change the personal description on Twitter to #bitcoin led many investors to speculate that the world’s richest billionaire bought into Bitcoin, pushing the price of this virtual currency up 20% to $ 38,566 – a record level. record that time. Less than 24 hours later, Elon Musk sent the stock price of CD Projekt, the company behind Cyberpunk 2077, up more than 12% after announcing on Twitter that Tesla’s new Model S Plaid electric car version would allow the guests play this game in the car. Not long after, the Tesla boss sparked a wild rally in GameStop stock after tweeting: “Gamestonk!!” with a link to WallStreetBets – a subpage of the Reddit information aggregator website. “Gamestonk” is a combination of GameStop and “stonks” – a slang word for stocks. “He knows he has great influence and has shown he enjoys playing with it, even if it hurts his followers,” said Heidi Chakos of Portugal, a Bitcoin investor. since 2014, told the Wall Street Journal. Meanwhile, Freetrade analyst Dan Lane said: “It’s ironic that Elon Musk has the ability to shake the market. Maybe it’s time to discuss the legality of this.” While waiting for the authorities to step in (if any), many investors still look to Musk’s tweets for investment direction, even considering him as a “hero”. Although later, when they lost, they turned to criticize him. However, it should be clear that, while the Tesla boss makes a point on everything from cryptocurrency Dogecoin to GameStop stock, he is actually an entrepreneur, not a portfolio manager. fourth. Musk isn’t the only one influencing the market through social media. Over the past year or so, many celebrities, from hedge fund managers to CEOs and entertainment stars, have taken advantage of platforms like Twitter, Reddit, Clubhouse, and more to express their views on everything from cryptocurrencies to stocks.

By comparison, Trump’s tweet last October was retweeted hundreds of thousands of times and received more than 1.5 million likes. After the US presidency, Mr. Trump is no longer an Internet celebrity. Photo: Business Insider. In other words, the number of interactions on a single post by Trump in office is more than the total interaction of the new blog. According to the Business Insider , a personal page launched last week that allows Trump to communicate with his fans. He can post statements, videos and pictures. So far, the site works a lot like the timeline on the old Twitter account. That is, Mr. Trump mainly uses it to post statements against his critics. The former US president was banned from Twitter and other major social media platforms after the attack on the Capitol on January 6. He was impeached for his role in inciting riots through false statements about the 2020 election. Mr Trump regularly uses social media to spread one-sided personal assessments, including the “stolen election” comment. Polls show that many Republicans believe in Donald Trump’s disinformation campaign. The fact that the former US President’s personal website has been estranged from the online community shows that the ban on Twitter and other social networks has had a great impact on Mr. Trump’s ability to communicate with the public. The largest social network in the world before Facebook was born The video shows the popular social networking sites from 1997-2020. The rankings are referenced, using data from Wikipedia, the Internet Archive and Google Books.