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Elon Musk Urges Twitter Followers To Use WhatsApp Rival

Elon Musk encouraged his Twitter followers to use WhatsApp rival messaging app, Signal.

Elon Musk urged his Twitter followers to use Signal, a messaging app. As a result, the stock price of an unrelated company with a similar name skyrocketed. Signal Advance’s shares surged 91 percent on Friday to $7.19. On Thursday, and the stock had surged more than a whopping 500 percent on Thursday.

Musk on Thursday told his Twitter followers to use the Signal messaging app, but some of his followers rushed in to invest in a company called Signal Advance. WhatsApp started rolling out in-app notifications last week, informing users about an update in its Terms of Service and privacy policy about how it processes user data and partners with Facebook in a bid to provide inclusion across the company’s products.

Moreover, it said that users will have to agree to the new terms and policy by February 8, 2021, to continue using WhatsApp’s service. The Signal messaging app that Musk was alluding to is run by a nonprofit. Following the surge in Signal Advance shares, the Signal app tweeted Friday to clarify that it is a different organization.

“Is this what stock analysts mean when they say that the market is giving mixed Signals? It’s understandable that people want to invest in Signal’s record growth, but this isn’t us. We’re an independent 501c3 and our only investment is in your privacy,” Signal app said.

“We continue to shatter traffic records and add capacity as more and more people come to terms with how much they dislike Facebook’s new terms. If you weren’t able to create a new group recently, please try again. New servers are ready to serve you,” the Signal app said in a tweet.

“It’s understandable that people want to invest in Signal’s record growth, but this isn’t us,” Signal wrote. “We’re an independent 501c3 and our only investment is in your privacy.”

Signal and Telegram messaging apps have recently witnessed a sudden increase in demand after WhatsApp’s updated terms of service raised quite a few eyebrows on social media. “We continue to shatter traffic records and add capacity as more and more people come to terms with how much they dislike Facebook’s new terms. If you weren’t able to create a new group recently, please try again. New servers are ready to serve you,” the Signal app tweeted.

Vinay Patel

Vinay Patel

Vinay is a proactive writer with over 8 years of experience in writing original and high-quality content.

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