Today Professor Mochon proved in class that United’s stock did not relate to Charron’s 2009 video United Breaks Guitars.
This is not the only time stocks have changed after a viral video. Gangnam Style, a viral video with over 1.78 billion views on YouTube may HAVE increased a Taiwanese stock. The Korean pop star’s “Gangnam Style” views strongly correlate with D I Corp stock. But why…?
Park Won-ho, chairman and controlling shareholder of D I Corp just so happens to be Psy’s dad. As you can see below, the company’s stock grew upwards of 500% after the release of the video in July 2012. Of course, as time progressed, both the hype of the viral video and the stock declined since.