Some 810,000 users around the world installed Signal on Sunday, nearly 18 times the number seen on Jan. ![]() The app has seen a boom of its own in recent days since rival WhatsApp issued an update to its privacy policy that allows it to share user data with Facebook, its parent company. ![]() Investors looking to buy stock in the Signal app are out of luck - it’s owned by the Signal Foundation, a roughly three-year-old nonprofit. He also offered congratulations to the other Signal’s developers for their success. Musk is not, to the best of our knowledge, a shareholder of SIGL,” Signal Advance CEO Chris Hymel said in a Monday statement. “The entities have no relationship to each other and Mr. The company’s shares were recently down about 68 percent at $16.14 as of 1:08 p.m. The shares nearly doubled to $7.19 on Friday and then skyrocketed 438 percent to $38.70 on Monday despite news reports about the apparent ticker confusion.īut the stock plummeted as much as 67 percent to $12.75 on Tuesday after Signal Advance issued a press release clarifying that it’s not associated with the Signal messaging platform. The company’s stock, traded over the counter under the ticker symbol SIGL, spiked to $3.76 on the day of Musk’s tweet from 60 cents the day before. The bizarre rally started after the billionaire Tesla chief told his 42 million Twitter followers to “Use Signal” on Thursday, apparently referring to the mobile app that lets users exchange encrypted messages.īut investors instead bought up shares of Signal Advance Inc., a small, Texas-based outfit that makes devices used to detect various health problems. Music publishers sue Twitter for $250M for allowing copyrighted songsĪn obscure medical device company’s stock price surged more than 400 percent after Elon Musk endorsed a messaging app with the same name - only to crash Tuesday as the confusion was cleared up. ![]() White House Pride Month tweet about ‘our kids’ sparks backlash Twitter getting kicked out of Colorado office after reportedly not paying rent for months Musk denies owning Dogecoin wallets in lawsuit alleging insider trading
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