(Ryan Collerd/Getty Images)

Musk’s “ingratitude” tweet might be the most costly social media post of all time

By the end of the day, the Tesla CEO lost $153 billion from his company’s market cap and $33.9 billion of his personal wealth.

J. Edward Moreno

6/6/25 11:44AM

Unless you were on a social media cleanse yesterday, you probably saw that the world’s wealthiest man and the president of the United States are no longer friends. They made that clear by exchanging barbs that started off with a policy disagreement and ended up very personal.

It appeared the gloves came off when Musk said Trump would not be in office if it weren’t for him.

“Such ingratitude,” Musk posted on X, his social media site. Of course, the president responded through his own social media site, Truth Social.

By the end of the day, Tesla had lost $153 billion of its market cap and Musk had lost $33.9 billion of his personal wealth, as the company’s ability to continue benefiting from its CEO’s coziness with the government became unknown.

When you stack it up against other well-known posts that destroyed lots of shareholder value, the “ingratitude” post appears to go down as the most costly social media post ever, by far:

In 2022, a fake Twitter account posing as Eli Lilly posted that “insulin is free now.” The company lost $15.6 billion in market value.

In 2018, Kylie Jenner posted a modest critique of Snap that led the company to lose $1.3 billion in market value. (At the time, the company had just changed its app layout and it appeared to be unpopular with more people than just the reality TV star.)

still love you tho snap ... my first love
— Kylie Jenner (@KylieJenner) February 21, 2018

On 2017, Trump tweeted that Amazon was hurting tax-paying retailers and costing jobs, causing it to lose as much as $6 billion in market value during intraday trading. It closed $2.1 billion slimmer.

Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!
— Donald J. Trump (@realDonaldTrump) August 16, 2017

Not included on this list are tweets that destroyed and then quickly recovered market value, of which there are many. I mean, how could we forget this?

Luke Kawa

Opendoor soars as co-founders Keith Rabois and Eric Wu added to board of directors, Shopify COO Kaz Nejatian appointed as new CEO

Opendoor Technologies is soaring after announcing that two of the online real estate company’s co-founders, Keith Rabois and Eric Wu, have been added to its board of directors. Rabois will serve as Chairman.

The company said Wu and Rabois’ VC firm are buying $40 million in Opendoor stock via a private investment in public equity (PIPE) financing.

In addition, Opendoor has poached Shopify COO Kaz Nejatian to serve as its new CEO after Carrie Wheeler resigned in mid-August.

“Literally there was only one choice for the job: Kaz. I am thrilled that he will be serving as CEO of Opendoor,” said Rabois.

The company touted that it’s “going into founder mode” with these additions in its press release, with lead independent director Eric Feder championing this injection of “founder DNA.”

That exact phrase, “founder DNA,” was used by Eric Jackson, architect of the initial rally and social interest in Opendoor, as he openly campaigned for these very two individuals to be added to the board.

This underscores how far the company is willing to go in embracing a new strategy of listening to its investors (particularly the most prominent one, it seems!) as management aims to engineer a fundamental turnaround in its business to match the optimism embedded in its stock price.

Nia Warfield, Luke Kawa

Three stocks power S&P 500 to fresh record closing high

Eighty-three basis points of today’s return in the SPDR S&P 500 ETF, more than 2x its daily gain, were attributable to Oracle and the two leading US chip designers, Nvidia and Broadcom.

Oracle’s RPO Remaining Performance Obligations

What is an RPO, the number that drove Oracle’s giant share move?

Matt Phillips, Max Knoblauch5h

Luke Kawa

“Pokemon” trading cards skyrocketing in value and GameStop’s collectibles business taking off are two sides of the same coin

The Wall Street Journal’s fantastic piece “The Hot Investment With a 3,000% Return? Pokémon Cards” includes this vignette:

“...the cards caught fire among amateur investors during the pandemic. As some investors banded together to spark the GameStop meme stock mania, a more fringe group of traders, also stuck at home and armed with cash from government stimulus, began scooping up Pokémon cards.”

And the connection between “Pokemon” cards and the video game retailer is in fact even closer than that:

GameStop’s collectibles business played a big role in why it smashed Q2 revenue expectations! Sales in this segment exceeded $227 million, while the two analysts that provided forecasts had an average estimate of $170.4 million. Fiscal year to date, sales of collectibles make up 25.8% of its revenues, up from 16.4% at this time last year.

The company significantly expanded its footprint in the “Pokemon” trading card world in 2024 by launching in-store buying and selling of individual cards, and introduced “Power Packs,” which include one card graded at 8 or above by the Professional Sports Authenticator, in its most recent quarter.

As a 35-year-old man who still plays “Pokemon” (Nuzlockes are peak math + strategy entertainment!), thinks the release of “Pokemon Go” marked the peak for Western civilization, and considers Christmas 1998 to be the second-best day of his life because it’s when he got “Pokemon Red,” I personally view the outperformance of “Pokemon” cards as being indicative of the power of nostalgia coupled with a drop-off in child rearing by millennials, leaving more room for discretionary purchases and investments.

And the nostalgia business seems like a great place to be.

The Hot Investment With a 3,000% Return? Pokémon Cards

“...the cards caught fire among amateur investors during the pandemic. As some investors banded together to spark the GameStop meme stock mania, a more fringe group of traders, also stuck at home and armed with cash from government stimulus, began scooping up Pokémon cards.”

And the connection between “Pokemon” cards and the video game retailer is in fact even closer than that:

And the nostalgia business seems like a great place to be.

Luke Kawa

Oracle’s hyperscaler competitors lag after the cloud computing giant’s blowout revenue forecast

Oracle’s forecast for mind-blowing revenue growth through its fiscal 2030 is lifting most AI-adjacent stocks today.

However, the ones being left behind in this rising tide, falling or lagging well behind Morgan Stanley’s basket of AI tech beneficiaries (up 5.8% as of 12:22 p.m. ET), are its fellow hyperscalers.

Microsoft and Alphabet, which also have massive cloud divisions, are positive — but only just. Amazon, whose cloud revenue growth was deemed a disappointment relative to peers this quarter, is down 2.8%. Meta is down 1.2%.

This suggests, at the very least, that traders aren’t mapping Oracle’s outlook for Nvidia-like revenue growth onto the other major cloud players or one of their biggest customers.

Musk’s “ingratitude” tweet might be the most costly social media post of all time

More Markets

Opendoor soars as co-founders Keith Rabois and Eric Wu added to board of directors, Shopify COO Kaz Nejatian appointed as new CEO

What is an RPO, the number that drove Oracle’s giant share move?

“Pokemon” trading cards skyrocketing in value and GameStop’s collectibles business taking off are two sides of the same coin

The Hot Investment With a 3,000% Return? Pokémon Cards

Oracle’s hyperscaler competitors lag after the cloud computing giant’s blowout revenue forecast

Latest Stories