Manchester United stock briefly 17% pop in

Elon Musk does not buy Manchester United. Tweet was a "longtime joke," said the billionaire.
Manchester United stock briefly 17% pop in premarket after Elon Musk joked about buying a club

Manchester United stock briefly 17% pop in premarket after Elon Musk joked about buying a club

British football club shares Manchester United briefly rose by 17% in the premarket trading Wednesday, after Tesla CEO Elon Musk joked and tweezed that he would buy the club.

“Also, I bought Manchester United UR Welcome,” Billionaire wrote on Twitter. A few hours later, Musk responded to Twitter users who asked whether he was serious about buying a club and clarified that it was a joke.

“No, this is a joke that has been running for a long time on Twitter. I did not buy any sports team, “he tweeted, before adding:” Although, if it is a team, it will be Man U. They are my favorite team as a child. “

Manchester United shares, which are traded under the abbreviation of Manu at the New York Stock Exchange, rose 3.68% in the premature trading at 4:30 am ET, benefiting after initially soaring 17% after tweets.

Based on the club’s latest stock market assessment, buying Manchester United will cost around $ 2 billion. Manchester United refused to comment on this problem when contacted by CNBC.

Musk’s original tweet invited widespread reaction and had obtained more than 573,000 like and had been retweeted more than 140,000 times at the time of writing. Manchester United fans react with surprise, but full of hope, because many criticized the club owner today, the American Glazer family.

This is related to the slow start of the club with the current season in the English Premier League, scoring two defeats in two matches, and the club became part of an effort to fail to establish the European Super League last year.

Even before Musk clarified that his offer to buy Manchester United was a joke, some fans remained skeptical because billionaires had a history of making similar jokes online.
In April this year, he tweeted that he would buy Coca-Cola “to return the cocaine,” a tweet he referred back on Wednesday after clarifying that he would not buy Manchester United.

“And I didn’t buy Coca-Cola to re-enter cocaine, although it was very popular from such a step,” Musk wrote.

The original tweet about the purchase of Coca-Cola came only a few days after the Twitter council received Musk’s offer to buy a social media company for $ 44 billion.

Musk then returned to this agreement only four months after agreeing. Twitter brought a billionaire to court for disputes

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