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Shares in Clubhouse Media Group jumped 117% after Elon Musk's tweet. When Elon Musk says something, something moves somewhere on a market. Just not always what you might expect. Shares in Clubhouse Media Group jumped 117% at one point on Monday after the billionaire Tesla CEO tweeted on Sunday he would go live on the similarly named social media audio app. The privately owned Clubhouse app in fact has nothing to do with Clubhouse Media, a little-known Chinese firm formerly called Tongji Healthcare Group which changed its name two weeks ago. "Somebody didn't realise that Clubhouse and Clubhous...

2 Min Read (Reuters) - When Elon Musk says something, something moves somewhere on a market. Just not always what you might expect. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk looks on after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/Pool/File Photo Shares in Clubhouse Media Group jumped 117% at one point on Monday after the billionaire Tesla CEO tweeted on Sunday he would go live on the similarly named social media audio app. The privately owned Clubhouse app in fact has nothing to do with Clubhouse Media, a li...