Put another way, Icahn’s tweets were worth more to Apple than the entire value of the companies below.
Jason Reed / Reuters
Billionaire hedge funder Carl Icahn disclosed a large stake in Apple today and said he was encouraging the company to increase the buyback program — on Twitter, of all places.
Those two tweets alone, however, sent Apple shares up about 5% and added about $17 billion to Apple's market cap. The jump in price comes at a time when Apple is facing an issue with its public image — and whether the creator of the iPhone can still innovate.
At $2.8 billion, JC Penney is worth about a fifth of Carl Icahn's Twitter activity.
Lucas Jackson / Reuters
