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Fin it to win it: Elon Musk’s ‘Baby Shark’ tweet gives Samsung ...


Fin it to win it: Elon Musk’s ‘Baby Shark’ tweet gives Samsung shares bite

After the billionaire tweeted about the number of views the song has had the company’s shares rocketed

Abhishek Vishnoi and Shinhye Kang

Samsung Publishing, a shareholder in the producer of the Baby Shark viral YouTube song, rallied after Elon Musk tweeted about the kiddie-pop jingle.

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 it was minted in May.

Musk tweeted during Asian trading hours on Wednesday that “Baby Shark crushes all! More views than humans”, with a video clip of the song attached. His tweet triggered a rally in Samsung Publishing’s shares, which, again, underscores the influence the billionaire co-founder of Tesla commands on assets from crypto currencies such as bitcoin and dogecoin to equities, including so-called meme stocks...

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