Elon Musk is shaking up the trading world once again, this time with his take on the best internet meme. In response to a South Park tweet on “meme stars,” Musk states that “Baby Shark crushes all!” As a result, several stocks are soaring while many traders are simply left wondering: What is Baby Shark stock? Here’s the need-to-know on SHARK, SmartStudy Co., and Samsung Publishing Co. for budding investors.
What is Baby Shark stock?
Baby Shark is the most viewed video on YouTube. Elon Musk recently said that the children’s song “crushes all,” leading many to purchase Baby Shark stock by investing in SmartStudy Co. (song producer), Samsung Publishing Co. (large stakeholder), and SHARK (Baby Shark crypto).
Samsung Publishing — no relation to the well-known tech company — is the second-largest SmartStudy stakeholder and its share price has been up as much as 10% since Musk’s tweet. Meanwhile, the Baby Shark (SHARK) cryptocurrency market cap is also up 162% at the time of writing.
The rush to buy Baby Shark stock began with a tweet from Tesla CEO Elon Musk. In response to a classic South Park clip shared by the show’s official account, Musk asserts that Baby Shark would win a “meme stars battle” as proposed by the clip and its caption. Citing that the Baby Shark Dance YouTube video has “more views than humans” currently living on the planet, Musk makes a compelling case.
Baby Shark crushes all! More views than humans. https://t.co/48Ol3ZzhjP
— Elon Musk (@elonmusk) June 1, 2021
Despite seeming like an innocent comment, many people appear to have interpreted Musk’s statement as investment advice. Baby Shark stock is soaring, all thanks to the influence that Elon Musk wields over the stock market — intentional or not on this occasion.
In other trading news, Dogecoin is making a comeback. In a familiar turn of events, it’s all thanks to Tesla CEO Elon Musk reaffirming support for DOGE via Twitter.