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Elon Musk’s tweet sores the shares of Samsung Publishing by 10%

Shares of Samsung Publishing, a major shareholder in the production of “Baby Shark”, a children’s song soar high up as the CEO of Tesla, Elon Musk tweeted about the song. The tweet said, ”Baby Shark crushes all! More views than humans.” Shares of Samsung Publishing soar more than 10% in South Korea. The South Korean company Samsung group is nowhere affiliated with Samsung Publishing although they share the same name. By Wednesday Samsung Publishing shares were about 47,300 Korean won. On the comments given by Musk, sharp moves were seen in the prices of bitcoin & dogecoin. His tweets also affect the moves in the stock market. As soon as the song “Baby Shark” went viral & cracked the top 40 charts the shares of Samsung Publishing rose by 76% in 2018. According to internet search results, the song has been ruling now for over a decade but the 2016 video cover affiliated with SmartStudy has made it a blockbuster. The video is created by Pinkfong that distributes its content through mobile apps, youtube & Amazon videos. It develops creative, animated content especially for children giving them a fun learning experience.

Source: CNBC

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