Billionaire Bill Ekman appears to take a page from Elon Musk that plans to announce market news on Twitter.
The billionaire investor’s blank check company, Pershing Square Tontin Holdings, issued a press release on Friday highlighting Ekman’s Twitter feed and said it could be used as a venue for official announcements.
“Investors should follow this account for information about the company,” the release said.
Ackman’s #FollowFriday campaign comes as retail merchants put their second campaign on “game stocks” such as gametops, prized sentiments and social media posts on fundamentals and pump the so-called “stokes” to mainstream Wall Street investors.
Ekman was engrossed with Twitter users late on Thursday, who asked him about a second Pershing Square Blanc check company known as SPAC. His responses thrilled some followers, who read in vague responses.
Asked whether investors in the first SPAC might be preferred over investing in the second, Ekman tweeted, “We have the technology” leading users on Twitter and Reddit to declare that the Ekman payment platform Stripe, Plaid or even was about to acquire the trading app. Robinhood, dozens of users, posted that Akman’s tweet indicated that he would announce the merger on Twitter on Friday.
Despite Ekman appearing to gain more than 1,000 new followers in a matter of hours, shares in Pershing Square were trading down slightly in the afternoon after a bounce in early trading.
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