National Post (National Edition)

MUSK TWEETS `I KINDA LOVE ETSY' AND STOCK SOARS

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Etsy Inc. shares jumped on Tuesday after the e-commerce company earned praise from Elon Musk, the second time this month that the Tesla Inc. leader drove up a stock with the push of a social media button. “I kinda love Etsy,” Tesla's chief executive wrote in a tweet. In a followup post, Musk explained that he had “bought a hand knit wool Marvin the Martian helm (sic) for my dog” and posted a picture of it. Shares gained as much as 8.6 per cent and hit an intraday record. Etsy's jump comes after hoards of day traders have piled into hot stocks like GameStop Corp. and Express Inc., causing both to soar since the beginning of the year. Musk is a favourite of many of those who exchange ideas on Reddit message boards.

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