back to top
Business

With Two Tweets Carl Icahn Added About $17 Billion To Apple's Value

Put another way, Icahn's tweets were worth more to Apple than the entire value of the companies below.

Posted on

Billionaire hedge funder Carl Icahn disclosed a large stake in Apple today and said he was encouraging the company to increase the buyback program — on Twitter, of all places.

Those two tweets alone, however, sent Apple shares up about 5% and added about $17 billion to Apple's market cap. The jump in price comes at a time when Apple is facing an issue with its public image — and whether the creator of the iPhone can still innovate.

Advertisement

So, how much more valuable is Carl Icahn's twitter activity compared to certain companies?

Advertisement

Matthew Lynley is a business reporter for BuzzFeed News in San Francisco. Lynley reports on Silicon Valley and the tech industry.

Contact Matthew Lynley at matthew.lynley@buzzfeed.com.

Got a confidential tip? Submit it here.

Promoted