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.
So, how much more valuable is Carl Icahn’s twitter activity compared to certain companies?
1. At $2.8 billion, JC Penney is worth about a fifth of Carl Icahn’s Twitter activity.
2. Zynga, at $2.3 billion, is worth even less than that of JC Penney.
3. Campbell Soup is worth $15 billion — just shy of Icahn’s tweets.
4. Netflix, also worth about $15.3 billion, is just under the Carl Icahn Twitter phenomenon.
5. Ralph Lauren, worth $16.2 billion, doesn’t make the cut either.
6. Groupon is worth about $7 billion — two and a half of them would do the trick.
8. Aol is worth about $2.8 billion, or about a third of a single Carl Icahn tweet.
9. Finally you’ll need at least 3 BlackBerry market caps (about $6 billion each) to make up for Icahn’s tweets.
- President Trump laid out an ambitious agenda in his speech to Congress, but Republicans are still divided on how to pass that agenda.
- The FBI is investigating if bomb threats against Jewish centers came from an internet "troll" and are profiling a lone, young, tech-savvy person.
- Twitter will start relying on algorithms to identify and restrict accounts for engaging in "abusive behavior" today.
- Uber's CEO said he's "seeking leadership help" after dash-cam footage was published of him aggressively arguing with a company driver 😳