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Modern Economy: Simple Tweet From Elon Musk About His Dog Boosted Etsy Shares

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The boss of SpaceX bought a hand-knit wool helmet for his dog with the image of an extra-terrestrial Looney Tunes character on it and decided to share this news on his…
What followed was a shift in the share price of Etsy, an online marketplace that sells predominantly handmade or vintage items and craft supplies. Etsy shares were 8.75 percent higher at $227.08 in pre-market trading on Tuesday. In regular trading, the stock was up 1.5 percent at $211.94. Bought a hand-knit wool Marvin the Martian helm for my dog Thousands of comments appeared under Musk’s tweet, some offering other handmade articles, others commenting on the surge in Etsy stock.

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