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Elon Musk tells his 44.8 million Twitter followers he's stepping away from the platform 'for a while'

Kate Duffy   

Elon Musk tells his 44.8 million Twitter followers he's stepping away from the platform 'for a while'
  • Tesla and SpaceX CEO Elon Musk tweeted Tuesday he was "off Twitter for a while."
  • Gamestop, Etsy, and a Japanese video-game maker have all seen share gains following recent tweets from Musk.
  • This isn't the first time Musk has said he's taking a Twitter break. He also said he was stepping away in June 2020 — he returned two days later.

Billionaire Elon Musk, whose tweets have impacted the stock market over the past week, announced Tuesday that he was taking a break from Twitter.

"Off Twitter for a while," Musk $4 to his 44.8 million followers, but gave no further details.

This break may not last long. The last time Musk announced he was stepping away from Twitter was in $4 - he stayed away for two days. In 2019, he said he was quitting the social media site only to $4.

Read more: $4

The SpaceX and Tesla CEO's recent tweets have had a big impact on the stock market. On Sunday, Musk tweeted he was "$4 at 10pm LA time." Shares of Clubhouse Media Group shot up and $4 Monday - even though this wasn't the company that Musk tweeted about. He was referring to the privately owned $4, known for hosting Silicon-Valley leaders and celebrities.

$4 surged as much as 15% on Friday after Musk added "#bitcoin" to his Twitter bio. Musk later posted a $4 saying: "In retrospect, it was inevitable."

$4 shares exploded another 157% on Wednesday, January 27, after the tech billionaire $4 "Gamestonk!!" in after-hours trading on Tuesday.

Online marketplace Etsy rose by about 3.5% on January 26, minutes after Musk $4 "I kinda love Etsy," adding that he bought a hand-knit woolen 'Marvin the Martian' helmet for his dog.

And on January 13, shares of $4, a Japanese video game maker, jumped 4% after Musk tweeted a meme that included a character from one of its games. "Hey you ... Yeah you Queen ... You're gonna make it!" he $4, adding heart emojis.

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