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Tag: elon musk

Shares of ‘Baby Shark’ investor soaring after tweet from Elon Musk

NEW YORK / CNBC — Shares of Samsung Publishing, a major shareholder in the producer of “BabyShark,” spiked on Wednesday after a tweet by Tesla CEO Elon Musk about the viral children’s song. The South Korean shares soared more than 10 percent at one point during regular trading on Wednesday, before closing out 6.29% higher. The company has no affiliation with South Korean conglomerate Samsung Group, even though they share the Samsung name. Wednesday’s gains came on the back of a tweet by Musk on Tuesday morning Asia time, which said: “Baby Shark crushes all! More views...

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Scammers posing as Elon Musk are stealing from young investors, FTC says

CNBC — Scammers pretending to be Elon Musk have stolen at least $2 million from cryptocurrency investors over the past six months, the Federal Trade Commission said. Con artists are stealing from people in so-called “giveaway scams” where people pose as celebrities or known figures in the crypto-world. They promise to “multiply” the cryptocurrency that investors send — but pocket the crypto instead, CNBC reported. These crypto-scams have surged since October, hitting their highest level on record in the first quarter of 2021, according to FTC data. The timing line up with a...

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Bitcoin sinks 12% after Elon Musk tweets that Tesla won’t accept it as payment

CNN — The price of bitcoin sank about 12 percent early Thursday morning after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric cars. The price of one Bitcoin now sits around $50,900, according to cryptocurrency news website Coindesk. Musk cited the cryptocurrency’s high environmental cost as reason for the move, after months of being bullish on it. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,”...

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Elon Musk’s ‘Starlink’ Satellite spotted in Sanibel

SANIBEL, Fla.— Ricky Williamceau and his buddies went out for an evening fishing trip on Monday. One of the men in the group noticed something in the sky and told everyone to look up. What they saw looked like a string of stars, one right after the other. “Woah. Everyone was kind of like ‘oh my God’,” said Williamceau. For a moment, they all watched in disbelief wondering if they had just seen a UFO. While it looked out of this world, the bright lights were actually part of Elon Musk’s latest satellite internet project called ‘Starlink’. “It...

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