U.S. stock futures fell Monday as the 10-year Treasury yield rose to a more than three-year high of around 2.87%.
. After a TED talk Thursday, Musk hinted at the possibility of a hostile bid, in which he would bypass the social media company's board and put the offer directly to shareholders.
The tweet seemed to imply Musk, the world's richest person and CEO of both Tesla and SpaceX, might seek to buy shares from investors in what's called a tender offer. Twitter on Friday adopted a "poison pill" to limit Musk's ability to raise his stake in the company. Shares of Twitter rose more than 3.5% in the premarket.
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