Days after moving markets with his tweets, Tesla founder Elon Musk is ‘off Twitter for a while’
- "Off Twitter for a while," the Tesla and SpaceX founder told his 44.5 million followers
- Musk did not give any reason for his time off from Twitter
- Recently, Musk changed his Twitter profile to "#bitcoin" and the cryptocurrency's price skyrocketed
Tech billionaire Elon Musk, whose tweets can send stocks into a frenzy, has decided to take a break from twitter. Musk on Tuesday announced that he will keep off the platform “for a while”, after his posts sent share prices of several companies soaring.
“Off Twitter for a while,” the Tesla and SpaceX founder told his 44.5 million followers on the platform, not giving a reason for his decision.
(Read more: How Elon Musk’s tweets are moving markets)
Musk overtook Amazon boss Jeff Bezos to become the world’s wealthiest person last month, with a fortune estimated at $185 billion following a nine-fold surge in Tesla’s share price over the past year.
Elon Musk’s tweet last week, in support of a group of retail investors on website Reddit who had coordinated to buy shares in Gamestop, a struggling games company, pushed the chain’s share price up by more than 680%, according to CNN.
His post declaring his love for the retail website Etsy, too, pushed the company’s share price soaring by around 8%, CNBC reported.
The tweets were not the only time Musk moved markets on the platform in recent weeks. When he changed his Twitter profile to read simply “#bitcoin” last Friday, the cryptocurrency’s price temporarily skyrocketed by around 20 %, reports AFP.
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