A little shit storm, a famous person and the wrong stock – a few people in this world are now richer than before.
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Who would have thought that a messenger app can unintentionally and indirectly make you rich! At least that’s what happened now to those who own shares in a company that is called something like a well-known Messenger. In the past few days, the share price of “Signal Advance Inc” has gone through the roof. The stock took off in full swing just because the now richest man in the world posted a tweet.
In the last few days we had reported how much Signal and other messengers are currently benefiting because the new data protection guideline on WhatsApp caused immense criticism worldwide. January 7th tweeted Elon Musk just the two words “Use Signal”, which caused a real storm on the stock exchange. Only unfortunately with the wrong company that has nothing to do with the messenger app.
Greed turns the brain off completely
In the days that followed, Signal Advance’s share price rose so steeply that even one or two Bitcoin lovers will be amazed. After an initially moderate increase, the stock shot into unexpected spheres at the start of the new week. If the stock was worth 60 cents last week, it is now around $ 39!
We have to ask ourselves how greedy money actually makes and how little intelligence the market has. It is also remarkable how much weight a tweet from such a person can have. But we have somehow been used to that since Donald Trump’s election.
Even with a real signal, one is amazed at the movements that have been triggered in the market. Perhaps one or the other person is now significantly richer who previously only had a manageable fortune in the “wrong” Signal company. Now the share is likely to smear again.
Is this what stock analysts mean when they say that the market is giving mixed Signals?
It’s understandable that people want to invest in Signal’s record growth, but this isn’t us. We’re an independent 501c3 and our only investment is in your privacy. pic.twitter.com/9EgMUZiEZf
— Signal (@signalapp) January 8, 2021
via Winfuture
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