Elon Musk’s ‘Baby Shark’ Tweet Sends Shares Soaring
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Samsung Publishing Co., 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 Co. 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 the song was minted last month.