Twitter Inc. spiked up over 5 percent higher at one point on Friday and was holding stronger intraday than the general markets, with the S&P 500 plunging almost 2 percent.
The stock’s comparative strength is likely due to Tesla Inc. CEO Elon Musk’s tender offer to acquire Twitter for $46.5 billion, which was revealed through a series of SEC documents dated April 20 but released on Thursday.
