![]() We’re an independent 501c3 and our only investment is in your privacy. The Signal messenger app, which provides end-to-end encryption, was down all of Friday after a simple tweet from Elon Musk resulted in a surge of downloads and users on the program. “It’s understandable that people want to invest in Signal’s record growth, but this isn’t us. Signal – the messaging app – commented on Signal Advance’s stock boom on 8 January: “Is this what stock analysts mean when they say that the market Is giving mixed Signals?” ![]() Signal Advance’s rise continued through the week, surging a full 5,673% and pushing its market valuation to $3.164 billion, dwarfing its $55 million valuation last Wednesday. On the day of Musk’s tweet, shares in Signal Advance – a Texas-based biotechnology company formerly named Biodyne Development Company – saw its stock price surge 527% to $3.76 per share, up from 60 cents the day prior. However, it appears that some of Musk’s fans’ enthusiasm was misdirected. Musk’s tweet had an immediate effect, with more than 100,000 new users downloading the app in the aftermath of his two-word “Use Signal” tweet. On 7 January, as backlash grew against encrypted messaging service WhatsApp over its data-sharing practices with Facebook, Tesla CEO Elon Musk suggested in a tweet to his 41.9 million followers that they drop the app and embrace competitor Signal.
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