The New York Stock Exchange (illustration).

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NEW CHINA / SIPA

"Use Signal".

In short, Elon Musk made Signal Avancé's share jump 527% this Thursday, then 91% the next day.

Problem: the boss of Tesla was not talking about this company, but about the messaging service Signal, one of the main competitors of WhatsApp, reports the

CNBC

channel 

, relayed by

Capital.

Originally, Elon Musk drew this tweet to encourage the exodus of WhatsApp users to Signal.

The reason ?

In the new WhatsApp terms of use, it is specified that user data can now be shared with other group services such as Facebook, Messenger and Instagram.

Faced with this policy change, the boss of Tesla therefore wanted to encourage users to migrate to Signal, a service that prides itself on better respecting personal data.

Use Signal

- Elon Musk (@elonmusk) January 7, 2021

A value that goes from 55 to 660 million dollars

Reading the tweet, however, some imagined that it referred to the Texas company Signal Avancé, which provides services to medical and legal workers.

While its value was $ 55 million before Elon Musk's message, it has now grown to $ 660 million!

On the Signal side, the managers of this non-profit organization insisted that it had no connection with Texan society.

On the other hand, the messaging application has also grown significantly in recent days.

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  • Mobile app

  • WhatsApp

  • Economy

  • Elon musk

  • stock Exchange