Elon Musk is again in the headlines for his use of Twitter, with Shopify Inc. as the latest beneficiary.
The billionaire from Tesla Inc. tweeted on Thursday night that the e-commerce software company was “great” in response to another user’s comment, causing Shopify’s shares to rise up to 3.5% at the end of the year. trading in New York.
Musk increased the shares of at least half a dozen companies this month after posting to Twitter, where Tesla’s CEO has more than 43 million followers. Recipients of Musk’s praise include Polish video game CD Projekt SA, a Japanese manufacturer toy company and the online market Etsy Inc.
Tesla did not immediately respond to an email asking for comment.
Musk’s taste for Twitter previously put him in trouble. He was sued in 2018 by the United States Securities and Exchange Commission over posts about a plan to make Tesla private, eventually agreeing to a agreement that included a $ 20 million fine and a requirement that he resign as chairman.
A 700% rise in Tesla shares last year helped make Musk the richest person in the world, with a fortune in excess of $ 199 billion, according to the Bloomberg Billionaires Index.