“It’s understandable that people want to invest in Signal’s record growth, but this isn’t us,” the app said on Twitter. Signal warned investors that it “has absolutely nothing to do” with Signal Advance’s stock as the latter firm’s share price exploded. 6, the day of WhatsApp’s privacy change, data from research firm AppTopia show. Some 810,000 users around the world installed Signal on Sunday, nearly 18 times the number seen on Jan. The app has seen a boom of its own in recent days since rival WhatsApp issued an update to its privacy policy that allows it to share user data with Facebook, its parent company. Investors looking to buy stock in the Signal app are out of luck - it’s owned by the Signal Foundation, a roughly three-year-old nonprofit. He also offered congratulations to the other Signal’s developers for their success. Musk is not, to the best of our knowledge, a shareholder of SIGL,” Signal Advance CEO Chris Hymel said in a Monday statement. ![]() “The entities have no relationship to each other and Mr. The company’s shares were recently down about 68 percent at $16.14 as of 1:08 p.m. The shares nearly doubled to $7.19 on Friday and then skyrocketed 438 percent to $38.70 on Monday despite news reports about the apparent ticker confusion.īut the stock plummeted as much as 67 percent to $12.75 on Tuesday after Signal Advance issued a press release clarifying that it’s not associated with the Signal messaging platform. The company’s stock, traded over the counter under the ticker symbol SIGL, spiked to $3.76 on the day of Musk’s tweet from 60 cents the day before. The bizarre rally started after the billionaire Tesla chief told his 42 million Twitter followers to “Use Signal” on Thursday, apparently referring to the mobile app that lets users exchange encrypted messages.īut investors instead bought up shares of Signal Advance Inc., a small, Texas-based outfit that makes devices used to detect various health problems. Zuckerberg, Musk have been ripping each other for years behind closed doors as billionaires talk possible ‘cage match’Īn obscure medical device company’s stock price surged more than 400 percent after Elon Musk endorsed a messaging app with the same name - only to crash Tuesday as the confusion was cleared up. Titanic sub Snopes fail on Elon Musk shows ‘fact checks’ = lefty bull Have any thoughts on this? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.Why US billionaires like Elon Musk, Bill Gates chase China’s President XiĪndrew Tate offers Elon Musk kickboxing training ahead of ‘cage fight’ against Mark Zuckerberg: ‘You will not lose’ It’s about calling something that doesn’t provide encrypted communication an “encrypted messenger.” This thread is not about Signal or what people “should” value or use. “Plenty of people use and love Signal, and there’s a great team working hard every day to make it better. bashing its competitors, in closing, Marlinespike offered this response: Finally, in response to a reply in how Signal could improve its app vs. The thread goes on and on, and so do the replies to the original thread. Lame.” Others shared the same sentiment in the list of replies to the Twitter thread. One Twitter user replied to Marlinspike, “Make Signal better instead of attacking the competitors. Marlinspike’s Twitter thread certainly ruffled some feathers. “Although telegram doesn’t have complete e2e, it does have some level of client-server encryption (enough to prevent major exploration of data).” But is Marlinspike’s claims about Telegram’s encryption valid?Īs one Twitter user notes in reply to Marlinspike, “Before ranting on the competition instead of actually improving your stagnant product, you should probably give the full story,” Twitter user writes in a tweet. The company markets its app like any other app out there to sign up new users. Marlinspike’s beef with Telegram lies mainly in how the media covers them. Telegram and FB Messenger are built exactly the same way. For the folks writing about this space, my request is that when you write "encrypted messenger," it should at *minimum* mean an app where all messages are e2ee by default.
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