These Two Tweets Made Apple Share $17.26 Billion Increase

This shows the power of Twitter. Or just the power of a billionaire on Twitter. At around 2:20 p.m. ET, legendary investor Carl Icahn tweeted that he has a huge stake in Apple and then the stock jumped!

Carl Icahn Forbes Cover

Apple’s shares, which had been trading at $475.77 went vertical, gaining nearly $9 in less than 3 minutes. By 3:35 p.m. they had touched $494.66.

This is the first tweet:

That was followed four minutes later with this tweet:

How many shares Icahn purchased, and what he plans to do with them — besides watch their price rise just because he tweeted about them — all remains for now a mystery.

Carl Icahn holds a 16% stake in Apple’s Siri partner Nuance Communications. He also acquired a 10% stake in Netflix and has previously taken stakes and pushed for changes at Motorola and Yahoo. [Read Wikipedia for more]

What’s your comment? Is Icahn simply looking to increase his shareholder value or initiate a coup against Tim Cook and the Apple leadership? May be! His Twitter bio line describes:

“Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity”.