Musk Tweets Meme, Lifting Stock of Japan Idol Game Maker
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Elon Musk’s tweets have been known to drive big stock moves in everything from his own giant automaker Tesla Inc. to a tiny medical device firm that shared the name of his preferred messaging app.
The latest beneficiary of the billionaire’s often cryptic language and 42 million-strong base of followers is a Japanese toy and game maker. Shares in Bandai Namco Holdings Inc. rose 4.4% in Tokyo on Wednesday following a meme Musk tweeted overnight that featured a character from the company’s Idolmaster franchise.