World’s richest Elon Musk tweeted about his separation from Twitter. But, he gave no reason for this. Musk takes to Twitter to express his views and he has over a billion followers on this platform.
- Musk has decided to take a break from Twitter.
- His just one tweet is enough to cause panic in the stock market.
- Based on his tweet, the shares of many companies have increased significantly.
- Elon Musk has 46.5 million followers on Twitter
A tweet by Elon Musk, the world’s richest man, is enough to cause panic in the stock market. Recently, based on their tweet, the prices of many companies have increased significantly. Musk takes to Twitter to express his views and he has over a billion followers on this platform. But Musk has decided to take a break from Twitter.
Musk, the founder of electric car company Tesla and SpaceX, became the world’s richest man last month, beating Amazon’s Jeff Bezos. Musk himself tweeted about his separation from Twitter. ‘Turn off Twitter for a while,’ he wrote. But, he gave no reason for this. He has 4.45 crore followers on Twitter.
One tweet changed the fate of many companies
Born in South Africa, Musk tweeted last week in support of game company GameStop. What happened then was that the company’s shares were up more than 680 percent. The company was struggling to maintain its presence before. Hours later, he posted the support of the retail website Etsy, and the company’s shares gained 8 percent. Last Friday, he changed his Twitter profile to what he wrote on #Bitcoin, the price of this cryptocurrency rising nearly 20 percent.
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But, because he’s on Twitter, he’s also faced legal problems. In 2018, he was forced to step down as chairman of the Tesla board following a dispute with the US Securities and Exchange Commission. The commission alleges that Tesla made a misleading tweet to investors.