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  1. Home
  2. / Investing
  3. / Consumer Discretionary

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.
By CARLETON ENGLISH Apr 04, 2016 | 04:37 PM EDT
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.

As interest in #PanamaPapers spreads, the brighter the spotlight & scope for changing highly questionable behaviors (even if deemed "legal")

¿ Mohamed A. El-Erian (@elerianm) April 4, 2016

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.

We did it! Thank you @WWE Universe. NEW ALL TIME WRESTLEMANIA ATTENDANCE RECORD. 101,763 strong. #PeoplesChamp4Life https://t.co/BmKq2YtDCS

¿ Dwayne Johnson (@TheRock) April 4, 2016

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.

That #PanamaLeaks feeling. pic.twitter.com/irISrRuuyp

¿ Pedro da Costa (@pdacosta) April 4, 2016

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.

Why @VirginAmerica is merging with @AlaskaAir https://t.co/z4GZ1RJPQP pic.twitter.com/eoEtdMBkzi

¿ Richard Branson (@richardbranson) April 4, 2016

Branson also tweeted about lemurs.

We have so much to learn from animals. Here's a magical example https://t.co/Yo23YaSiPR #lemurs pic.twitter.com/VZddUiIKka

¿ Richard Branson (@richardbranson) April 4, 2016
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TAGS: Investing | U.S. Equity | Consumer Discretionary

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