Twitter stock prices soared by $5.7 billion on Monday, bringing the company’s market cap to $67.5 billion, the company announced.
Twitter shares jumped $1.4% to $84.93.
“President Donald Trump tweeted ‘fake info’ and then later in the day tweeted that his campaign manager had given him fake information about the results of the election,” Twitter said in a statement.
“It was a huge spike for our stock.
The stock rose $1 billion in less than 24 hours and is now up by over $5bn in 24 hours.”
Twitter is the most popular social media platform in the United States with about 1.2 billion active users.
“This is the biggest day of the year for the stock, and the stock has continued to grow,” said Robert Schmitz, a senior analyst with Cowen & Russell analyst research group.
Twitter is also the third-largest stock in the world with a market cap of $67 billion.
“I don’t know what the impact was on the market, but it was certainly significant,” Schmitzy said.
“We do expect the stock to go higher in the coming weeks.”
The tweet about the election results came as Trump continued to battle a series of health problems.
In an interview with CNN’s Anderson Cooper on Monday evening, Trump said he had “some very bad days” and that he was “going to get better” in the next week.
“Right now, I’m going to get even better,” Trump said.
He added that he thought he was the “only one” who could stop the spread of “bad” information.
CNN’s Andrew Kaczynski contributed to this report.