We're an independent 501c3 and our only investment is in your privacy. It's understandable that people want to invest in Signal's record growth, but this isn't us. Is this what stock analysts mean when they say that the market is giving mixed Signals? Indeed, all the stock market fiasco is disappointing for the company who should have been reaping what 'Signal Advance' is now enjoying. In a tweet, the donation-backed encrypted messaging application expressed their disheartened reaction to the stock surge that went to the wrong company after Elon Musk's statement to change messaging apps. Signal App Clarifies that They are What Elon Musk Refers to The same thing happened with Zoom video Communications in 2018, with a Chinese company called 'Zoom Technologies' gets recognition and the market surge. The company was traded in Wall Street for only 60 cents to a dollar since 2015 but is now looking at an impressive $7.19 with a 527 percent rise last Thursday, and an additional 91 percent last Friday. The Texas-based health care technology company was initially valued at $55 million and has no regular employee apart from its CEO, which is now at $660 million market cap. Musk has boosted the wrong company, and there was nothing he could do to take that back as it already happened.

The Tesla CEO surely did not mean this, as he was aiming to point people to the better option for data privacy in a messaging application. The massive influence of the tech mogul and world's top billionaire, Elon Musk, is surely mesmerizing and amazing as a simple tweet can turn the tides of an unknown company to rise more than 1,000 percent. According to CNBC, stocks have indicated that there were two events where 'Signal Advance's' stocks rose, which both add up to a massive jump of 1,100 percent since Musk's tweet. Intel Processors Comparison 2021: Which is Better? Elon Musk: Boosting the Stocks of Wrong Company 'Signal Advance'Īs funny as it may sound, that is what really happened and took place in recent times, in a matter of days since the Tesla CEO first spoke of the matter.

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