When Tesla CEO Elon Musk advised everyone to “use Signal” on Twitter, he was actually referring to the encrypted messaging app Signal. However, some people seem to be mistaken.
The share price of a little-known and irrelevant company-Signal Advance-rose 527% on Thursday and another 91% on Friday the next day. The stock price went from 60 cents a share to 7.19 USD per share.
This Signal Advance is not the Signal that Musk is referring to. The Signal that Musk refers to is operated by a non-profit organization that can replace messaging applications such as Facebook Messenger, WhatsApp, and Apple’s iMessage. The real Signal also clarified on Twitter on Friday that it has nothing to do with Signal Advance.