Top 5 Losers on Wednesday

2. Twitter, Inc. (NASDAQ:TWTR) is 3.18% lower as of 11:55 AM ET following mixed reports about its acquisition by Tesla’s CEO Elon Musk. Musk has publicly revealed his reservations about acquiring Twitter, Inc. (NASDAQ:TWTR) after issues related to automated bots and fake users came to light during the most recent quarterly results. However, reports suggest that both parties are working on closing the deal. The first signal of the agreement moving forward is the 139-page filing that revealed how the deal came together and why Twitter, Inc. (NASDAQ:TWTR) decided to accept the $54.20 per share in cash bid from Musk.

As of Q4 2021, 83 hedge funds were invested in Twitter, Inc. (NASDAQ:TWTR).