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home / news releases / FB - Mistaken Identity company Signal Advance plunges after spike in last few days

FB - Mistaken Identity company Signal Advance plunges after spike in last few days

Facebook Inc.
Signal Advance (SIGL) sunk about 75%, reversing an almost 440% increase yesterday, after the stock soared in recent days following investor confusion after Tesla's Elon Musk tweeted to ``use Signal,'' referencing the encrypted messaging service.Musk wasn't talking about Signal AdvanceFamed tech investor Chamath Palihapitiya/Social Capital (IPOB) also might have contributed to the gain after he tweeted over the weekend to longer text him on Whatsapp and instead download Signal after he said that Whatsapp will begin sharing its data with Facebook (FB) in February.Signal Advance CEO Dr. Chris Hymel told Bloomberg yesterday that Signal Advance doesn’t have an association with Musk or the Signal app.

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Mistaken Identity company Signal Advance plunges after spike in last few days
Stock Information
Company Name: Facebook Inc.
Stock Symbol: FB
Market: NASDAQ
Website: facebook.com
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