• Loading stock data...
Monday, February 17, 2025

Musk Leaves Twitter’s Orbit

Craig Bailey-Florida Today via USA TODAY NETWORK

Elon Musk has the power to send the stock market into a frenzy with just one tweet.

On Tuesday, however, the Tesla and SpaceX CEO said he is “Off Twitter for a while.” 

In just the past week, his posts on the platform have caused quite a stir.

  • Jan. 26: Musk tweeted “Gamestonk!!” and helped push GameStop’s stock price as high as $243 in after-hours trading, a 62% surge.
  • Jan. 26: Etsy shares rose premarket after Musk tweeted, “I kinda love Etsy.”
  • Jan. 27: Musk’s praise for “Cyberpunk 2077,” and announcement that Tesla’s latest model will run the game, bumped up Cyberpunk publisher CD Projekt’s stock by 19% — its biggest jump since June 2015.
  • Jan. 29: Musk added “#bitcoin” to his Twitter bio, briefly boosting its price by as much as 20%.

Musk’s social media activity hasn’t always gone over well. In 2018, the SEC sued him for tweeting that he secured funding to take Tesla private.

He went on a Twitter hiatus after the debacle, but returned with restrictions on tweeting about Tesla’s financial information.

“I have to be careful what I say,” Musk said of his social presence during an appearance on audio-chat app Clubhouse over the weekend. “It can affect the market.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
U.S. Soccer Federation president Carlos Cordeiro (left) and Sunil Gulati (center) and MLS commissioner Don Garber (right) pose for a photo.

Billionaire Who Chaired NASL Admits He Used Burner Account to Attack MLS,..

Rocco Commisso, the Mediacom founder, compared the MLS commissioner to Harvey Weinstein.
Dec 28, 2024; Foxborough, Massachusetts, USA; New England Patriots running back Antonio Gibson (4) on the field against the Los Angeles Chargers in the second half at Gillette Stadium.

NFL Told Patriots to Take Down Bluesky Account

The Patriots tried to be the first NFL team to get on Bluesky but were picked off.
Dec 17, 2024; Washington, DC, USA; Speaker of the House Mike Johnson (R-LA) alongside Steve Scalise (R-LA), left and Tom Emmer (R-MN), right, during a press conference on Tuesday, Dec. 17 on Capitol Hill in Washington.

Spending Bill Fiasco Keeps RFK Stadium Bill Hopes Alive

NFL pressure could be “best hope” to revive RFK Stadium bill.

Featured Today

Feb 15, 2025; Montreal, Quebec, CAN; [Imagn Images direct customers only] Team United States forward Matthew Tkachuk (19) and Team Canada forward brandon Hagel (38) fight in the first period during a 4 Nations Face-Off ice hockey game at the Bell Centre.

Inside the Push for the NHL’s Next Era of International Competition

Players have been clamoring, and the league is all in.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
Feb 18, 2024; Indianapolis, Indiana, USA; Eastern Conference guard Damian Lillard (0) of the Milwaukee Bucks reacts after a play during the second half of the 73rd NBA All Star game at Gainbridge Fieldhouse.
February 15, 2025

The NBA’s Latest Attempt To Solve the All-Star Game Conundrum

A new mini-tournament on a lame-duck network may not solve the problem.
Jan 9, 2025; Pittsburgh, Pennsylvania, USA; Edmonton Oilers center Connor McDavid (97) checks Pittsburgh Penguins center Sidney Crosby (87) during the third period at PPG Paints Arena
February 11, 2025

‘Important’ 4 Nations Face-Off Can Be NHL’s All-Star Antidote

“The stars have been lobbying the league for an event like this.”

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Russ Brandon
January 14, 2025

UFL President: NFL Used to View Private Equity Like Gambling 

The longtime NFL executive is stunned by the league’s evolution on PE.
October 24, 2024

Endeavor, TKO Consolidate Sports Assets, Hoping They’re Better Together

The move brings On Location, Professional Bull Riders, and IMG under TKO.
October 1, 2024

Nike CFO Says ‘Adversity Creates Sharper Focus’

Amid a downbeat but expected set of earnings, Nike says it sees signs of optimism.