Business
Elon Musk’s ‘Baby Shark’ tweet sends shares soaring – The Sydney Morning Herald
A major investor in the producer of the viral YouTube song has seen its shares soar after the Tesla billionaire’s latest social media post.
Samsung Publishing Co., the second largest shareholder in the producer of the Baby Shark viral YouTube song, surged to its highest level in more than a month after Elon Musk tweeted about the kiddie pop jingle.
Shares in the Seoul-based company that owns 19.43 per cent in the songs producer SmartStudy climbed as much as 10 per cent.
Jumping the shark: Elon Musks latest tweet has again moved prices.Credit:AP
The gains have helped the stock more than quadruple since the end of 2018 as the song became…
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