Elon Musk’s ‘Baby Shark’ tweet sends shares in the iconic song’s investor up 10%
Frederic J. Brown/JUNG YEON-JE/AFP via Getty Images
Shares in South Korea-based Samsung Publishing rose more than 10% on Wednesday after Elon Musk tweeted about the viral YouTube song “Baby Shark.”
The company is a major shareholder in the song’s producer, an entertainment firm called SmartStudy. Its shares in South Korea climbed more than 10% during Asian trading on Wednesday, before closing around 6% higher. It has no affiliation with the multinational conglomerate Samsung Group, even though…
