Elon Musk's Baby Shark Tweet Makes Samsung Stocks Skyrocket

Elon Musk (Sumber: Wikimedia Commons)

JAKARTA - Shares of Samsung Publishing Co.Ltd shot to its highest level on the Korea Stock Exchange (KRX). This happened after Tesla CEO, Elon Musk, shared a post on the song Baby Shark on Twitter.

It is known, Elon Musk shared his tweet during stock trading hours in Asia yesterday. "Baby Shark destroys everything! More views than humans", he said via the @elonmusk account, Wednesday, June 2.

Baby Shark crushes all! More views than humans. https://t.co/48Ol3ZzhjP

— Elon Musk (@elonmusk) June 1, 2021

Thanks to Musk's tweet, Samsung Publishing's shares on the South Korea Exchange jumped more than 10 percent at one point during regular trading on Wednesday. Before finally closing with an increase of 6.29 percent at the price position of 47,300 Korean won or around IDR 606,000/share.

Obviously, this stock spike is another example of Elon Musk's 'magic' influence. The same effect when his Tweet sparked another rally in stocks that once again underscores the billionaire's influence on asset prices from cryptocurrencies such as Bitcoin and Dogecoin.

Samsung Publishing itself is a South Korean company that is the main shareholder of the children's song maker, SmartStudy. "Baby Shark" became a phenomenal song that has been viewed more than eight billion times on YouTube.

The Pinkfong division created the video, which SmartStudy says "develops creative animated content to provide a stimulating and fun learning experience for children around the world".

The video, which was first uploaded to YouTube in 2016, has become one of the world's most recognizable children's songs, even breaking the Billboard Top 100 in 2019. The song also accounts for more than a third of the total views on Pickford Kids' channel, which has 24 billion views.