Musk’s “Use Signal” Tweet Benefits Wrong Company

The world’s richest man, Elon Musk , Tesla CEO, on January 7th, had published a tweet “Use Signal”. It is believed that he was referring to Signal, the encrypted messaging service. However, investors in another case of mistaken identity piled up on shares of Signal Advance a publicly traded company, and sent its shares soaring by a mind-boggling 11,722%. This gave long term shareholders more than 60,000% returns in a year.