Recent confirmation from Justin Beiber alongside his confirmation of his appearance on SNL, confirms that a collaboration between him and Crocs is in progress. That being said, stock shares in the famous footwear company have soared over the past few days. Beiber hinted at his collaboration with Crocs when he posted a picture of Crocs floating in a pool on his Instagram only a few days ago with the caption “Soon”.
Crocs commented the heart emoji and reposted Beiber’s IG story on their Instagram account. This served as a minor confirmation of the collaboration. That being the case, it didn’t take long for the share price to increase by 11% on Thursday, according to Business Insider. The stock price was reportedly peaked at $47.81 and when the markets closed, the price was $45.19 a share. This means that in spite of the 11% peak rise, the end was still a 5.8% increase on Thursday.
It is definitely worth mentioning that several other musicians have also collaborated with Crocs such as Post Malone. The news comes along side Beiber’s confirmation that on Saturday Oct. 17 he will be appearing on SNL with host Issa Rae. The last time Beiber made an appearance on the Saturday Night Sketch-Comedy Show was earlier this year before the COVID-19 quarantine to promote his Album: Changes. Currently we can only speculate what songs the Canadian popstar has in store for us this time around.
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