Why Twitter Stock (NYSE:TWTR) is Rising While the Market is Falling

Social media company Twitter (NYSE: TWTR) is one of the only S&P 500 (SPX) stocks in the green today, currently up over 2%, while the SPX is down 3.2%. This is because Twitter shareholders voted in favor of selling the company to Elon Musk for $44 billion.

With Twitter’s market cap being roughly $32.4 billion, this leaves plenty of upside potential if the sale happens. However, there will be a trial next month to decide if the deal can go through or not.

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