{"id":169642,"date":"2021-02-02T21:59:40","date_gmt":"2021-02-02T18:59:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musk-takes-break-from-twitter-after-market-moving-posts\/"},"modified":"2021-02-02T21:59:40","modified_gmt":"2021-02-02T18:59:40","slug":"elon-musk-takes-break-from-twitter-after-market-moving-posts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musk-takes-break-from-twitter-after-market-moving-posts\/","title":{"rendered":"#Elon Musk takes break from Twitter after market-moving posts"},"content":{"rendered":"

“#Elon Musk takes break from Twitter<\/a> after market-moving posts<\/strong>”
\n<\/p>\n

\n

Investors who take their cues from Elon Musk may have to go without his occasionally bizarre musings for a spell.<\/p>\n

The billionaire Tesla boss went on a Twitter hiatus after making several posts that moved markets in recent weeks.<\/p>\n

\u201cOff Twitter for a while,\u201d Musk wrote in an early Tuesday morning tweet<\/a>.<\/p>\n

It\u2019s unclear what prompted Musk, 49, to break away from the platform, where he regularly shares news<\/a> about his various companies to his nearly 45 million followers. In addition to Tesla, Musk is also head of rocket company SpaceX and neurotechnology<\/a> company Neuralink.<\/p>\n

Leading up to the abrupt announcement, the South African billionaire \u2014 who recently surpassed Jeff Bezos as world\u2019s richest man \u2014 shared a video of the new Tesla plant that\u2019s under construction in Germany and responded to queries from fans.<\/p>\n

But he has a storied history with Twitter. The Securities and Exchange Commission slapp<\/a>ed Musk with a $20 million fine in 2018 following an infamous tweet claiming that he was planning to take Tesla private at $420 a share. He later said the tweet was intended as a joke to impress his singer girlfriend Grimes. <\/p>\n

In July of that year, Musk fired off a post calling British cave diver Vernon Unsworth a \u201cpedo guy,\u201d leading Unsworth to unsuccessfully sue Musk for defamation.<\/p>\n

But Musk\u2019s posts remain influential nonetheless. The price of Bitcoin spiked last week after he name-checked the cryptocurrency in his bio on the site. Before that he appeared to fuel the already explosive rally in Game<\/a>Stop\u2019s share price by tweeting a link to a Reddit message board where rookie traders were pumping it up. <\/p>\n

He\u2019s also driven up the shares of Etsy and Signal Advance simply by mentioning them in tweets. And the latter was a case of ticker confusion with Musk was apparently referring to the Signal messaging app, not the similarly named medical device company.<\/p>\n

Tesla didn\u2019t immediately respond to an email asking whether the electric-car maker, its board or its officers had anything to do with Musk\u2019s social media break. <\/p>\n

As part of his 2019 settlement with the SEC over the $420 tweet, Musk agreed to submit for legal review any Tesla-related tweet that might contain material information.\n <\/p><\/div>\n