Tweets on the Street: Panama Papers, WWE Unite; Branson Talks Merger, Lemurs

The world is engrossed in the Panama Papers and WWE. Elsewhere, Alaska Airlines announces plans to acquire Virgin America.
Stocks quotes in this article: WWE, VA, ALK

Twitter was ablaze Sunday afternoon and into Monday following the leak of the so-called "Panama Papers." The 11.5 million leaked documents are from Mossack Fonesca, a Panama-based law firm that specializes in the creation of offshore companies, according to the International Consortium of Investigative Journalists. The documents provide information about the offshore holdings of several political leaders, raising questions about the confluence among money, power and secret dealings.

Twitter was also captivated by Wrestlemania on Sunday night. On Monday, World Wrestling Entertainment (WWE) confirmed that the event was the most viewed in Wrestlemania history. Also, the WWE Network reached 1.82 million subscribers, representing a 39% increase from last year.

If you didn't think there would be much crossover between viewers of Wrestlemania and readers of the Panama Papers -- given the attention required to follow both -- Pedro da Costa of the Peterson Institute for International Economics tweeted the following on Sunday evening.

On Monday, investors woke up to learn that Alaska Airlines (ALK) had announced plans to acquire Virgin America (VA) in a deal valued at $4 billion, in which shares of Virgin America are valued at $57 a share. The combined companies would be the fifth-largest U.S. airline. Shares of Virgin America jumped nearly 42% to $55.12 on Monday. Richard Branson, founder of the Virgin Group, explained the formation of Virgin America and why the merger is occurring.

Branson also tweeted about lemurs.

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TAGS: Investing | U.S. Equity | Consumer Discretionary

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