Samsung Publishing Co., the biggest shareholder in the production of the viral YouTube song ‘Baby Shark’, shoots to its highest level in more than a month after Elon Musk shared the song’s lyrics on Twitter.
Shares of the Seoul-based company holding an 18.57 percent stake in SmartStudy Co. – the producer of the song – jumped by 10 percent. The gains saw the company’s stock more than quadruple since late 2018 when the song became popular.
Elon Musk shared a tweet during stock trading hours in Asia on Wednesday (3/6/2021). “Baby Shark ruined everything! More views than humans,” he said on Twitter.
In his tweet, Elon Musk also shared a video clip of the song attached. In addition, his tweet also had an effect on another stock rally. It is proven once again that the influence of billionaires is also co-founder of Tesla Inc. on asset prices from cryptocurrencies such as Bitcoin and Dogecoin to equities, including so-called stock memes
“Baby Shark (Doo Doo Doo Doo Doo Doo Doo)” became a YouTube sensation in 2018. The video has been viewed nearly 8.7 billion times and has reached the Billboard Hot 100 chart within weeks.
