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Richest man on the planet Elon Musk leaves Twitter momentarily

2021-02-02T14:25:46.610Z

His recent statements on Twitter have influenced the share price of several companies. The visionary multi-entrepreneur and billionaire Elon Musk announced on Tuesday to quit Twitter "for a while". He booked this ad precisely on Twitter with his 45 million subscribers. READ ALSO> From Tesla to SpaceX, the good stars of Elon Musk, a little crazy genius Even if he did not give the reasons for this choice, his statements on the social network have contributed to fuel a stock market f



The visionary multi-entrepreneur and billionaire Elon Musk announced on Tuesday to quit Twitter "for a while".

He booked this ad precisely on Twitter with his 45 million subscribers.

READ ALSO>

From Tesla to SpaceX, the good stars of Elon Musk, a little crazy genius


Even if he did not give the reasons for this choice, his statements on the social network have contributed to fuel a stock market frenzy causing the titles of several companies to skyrocket.

Off Twitter for a while

- Elon Musk (@elonmusk) February 2, 2021

Last week, the South African-born entrepreneur, also founder of rocket maker SpaceX, got involved in the GameStop affair, a chain of video game stores.

In a tweet, Elon Musk had taken off the price of this company shaking the hedge funds that were betting on a decline.

Hours later, the whimsical boss's praise on Twitter about Etsy, a site specializing in small creators, had also boosted its share price.

It was not the first time that Elon Musk's tweets had moved the markets: by mentioning bitcoin on social networks, he had raised the price of cryptocurrency.

Tweets that cost him dearly

However, his presence on Twitter has also caused him some legal problems in the past.

He was thus forced to step down as Chairman of the Tesla Board of Directors in 2018 after a serious clash with the US Securities and Exchange Commission, accusing him of misleading investors by tweeting about a possible Tesla withdrawal. of the Stock Exchange.

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With an estimated fortune of over $ 180 billion, 49-year-old Elon Musk overtook Amazon boss Jeff Bezos in the Bloomberg billionaire rankings in early January, taking advantage of the 2020 soar in stocks. of his company Tesla, specializing in electric cars and darling of investors.

Source: leparis

All business articles on 2021-02-02

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