Tuesday, April 15, 2014

Twitter Execs Will Hang On To Their Stock For Now

Twitter Execs Will Hang On To Their Stock  



The newly public company’s leadership announced they will not sell their stock once they are eligible to do so for the first time next month.  The leadership at Twitter is playing the long game with their shares of the newly public company's stock. the company announced that co-founders Evan Williams and Jack Dorsey, as well as CEO Dick Costolo, had no plans to sell their shares after the lock-up period prohibiting them from doing so ends on May 5 2014 With 9.4\% of Twitter's stock, Williams is the largest shareholder of the three, a haul estimated to be worth $2.3 billion. Dorsey and Costolo follow with 4\% and 1.4\%, respectively.

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