Samsung Publishing Co., the second largest shareholder in the producer of the “Baby Shark” viral YouTube song, surged to its highest level in more than a month after Elon Musk tweeted about the kiddie pop jingle.
Musk tweeted during Asian trading hours Wednesday “Baby Shark crushes all! More views than humans,” with a video clip of the song attached.
His tweet triggered another rally in the shares, again underscoring the influence the billionaire co-founder of Tesla Inc. commands on asset prices from crypto currencies like Bitcoin and Dogecoin to equities including the so-called meme stocks.
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Baby Shark (Doo Doo Doo Doo Doo Doo) became a YouTube sensation in 2018. It has been viewed nearly 8.7 billion times and has made it to the Billboard Hot 100 chart on multiple weeks.