Samsung Publishing shares jump after Musk’s tweet
Company rides Elon Musk's online influence after comment on Baby Shark viral YouTube song
02 June 2021 - 16:28
Samsung Publishing, a shareholder in the producer of the Baby Shark viral YouTube song, rallied after Elon Musk tweeted about the pop jingle for children.
Shares in the Seoul-based company that owns the second-largest stake in the song’s producer SmartStudy climbed as much as 10% to their highest level since May 7. The gains have helped the stock more than quadruple since the end of 2018 as the song became popular. Even a cryptocurrency named after the song was minted in May. ..
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