Steve Ballmer takes 4 percent stake in Twitter, owns more than CEO, Former Microsoft Corp (MSFT.O) Chief Controlling Steve Ballmer has taken a 4 percent pale in Twitter Inc (TWTR.N), according to his spokesman, authoritative him the third-biggest alone actor in the amusing media company.
Ballmer's pale is annual added than $800 actor based on Twitter's $21 billion bazaar value. Only co-founder Evan Williams and Saudi billionaire Prince Alwaleed bin Talal accept greater stakes a part of
alone investors.
Shares of Twitter rose 5.6 percent to $31.34 on Friday, hours afterwards Ballmer tweeted from a non-verified annual that he congenital up his pale over the accomplished several months.
His cheep acclaimed Twitter's new 'Moments' feature, which curates the best tweets of the day, and Dorsey's arrangement as abiding CEO endure week.
"Good job @twitter, @twittermoments innovation, @jack Ceo, leaner, added focused," the cheep said. "Glad I bought 4% accomplished few months."
Twitter beneath to comment. Ballmer himself did not acknowledgment requests for comment.
Ballmer, who bought the Los Angeles Clippers basketball aggregation afterwards backward as Microsoft CEO in February 2014, has a claimed affluence of about $21.5 billion, authoritative him the 35th richest getting in the world, according to Forbes magazine.
However, his abetment as an broker is no agreement of success for Twitter. Ballmer abundantly laughed at Apple Inc's (AAPL.O) aboriginal iPhone, and shares of Microsoft beneath over the 14 years of his leadership.
Ballmer now owns added of Twitter than co-founder and CEO Dorsey, who has a 3.2 percent stake, according to Thomson Reuters data. Williams is the better alone actor with about 7.5 percent, followed by Alwaleed with about 5.2 percent.
Like @alwaleedbinT move too," Ballmer's cheep said. Alwaleed and his investment firm, Kingdom Holding Co 4280.SE, said beforehand this ages they had aloft their pale in Twitter to added than 5 percent.
Ballmer's investment is a assurance that Twitter's efforts to animate advance beneath Dorsey is getting appreciated, Monness, Crespi, Hardt, & Co Inc analyst James Cakmak said.
"I anticipate it's just addition point of affirmation that the footfall that they are demography to alter the business against advance is resonating," Cakmak said.
Twitter has fabricated several new announcements back Dorsey, who aswell served as CEO in 2008, alternate on a abiding base endure week. On Tuesday, Twitter said it will lay off about 8 percent of its workforce and on Wednesday, it assassin Google Inc (GOOGL.O) controlling Omid Kordestani as controlling chairman.
FBN Securities analyst Shebly Seyrafi said Ballmer's pale could be apocalyptic of boundless aplomb in Dorsey and his strategy.
"It depends on the timing of his investment. I'm not abiding how abundant of his 4 percent was acquired afore Dorsey was appointed acting or abiding CEO."
Ballmer's pale is annual added than $800 actor based on Twitter's $21 billion bazaar value. Only co-founder Evan Williams and Saudi billionaire Prince Alwaleed bin Talal accept greater stakes a part of alone investors.
Shares of Twitter rose 5.6 percent to $31.34 on Friday, hours afterwards Ballmer tweeted from a non-verified annual that he congenital up his pale over the accomplished several months.
His cheep acclaimed Twitter's new 'Moments' feature, which curates the best tweets of the day, and Dorsey's arrangement as abiding CEO endure week.
"Good job @twitter, @twittermoments innovation, @jack Ceo, leaner, added focused," the cheep said. "Glad I bought 4% accomplished few months."
Twitter beneath to comment. Ballmer himself did not acknowledgment requests for comment.
Ballmer, who bought the Los Angeles Clippers basketball aggregation afterwards backward as Microsoft CEO in February 2014, has a claimed affluence of about $21.5 billion, authoritative him the 35th richest getting in the world, according to Forbes magazine.
However, his abetment as an broker is no agreement of success for Twitter. Ballmer abundantly laughed at Apple Inc's (AAPL.O) aboriginal iPhone, and shares of Microsoft beneath over the 14 years of his leadership.
Ballmer now owns added of Twitter than co-founder and CEO Dorsey, who has a 3.2 percent stake, according to Thomson Reuters data. Williams is the better alone actor with about 7.5 percent, followed by Alwaleed with about 5.2 percent.
Like @alwaleedbinT move too," Ballmer's cheep said. Alwaleed and his investment firm, Kingdom Holding Co 4280.SE, said beforehand this ages they had aloft their pale in Twitter to added than 5 percent.
Ballmer's investment is a assurance that Twitter's efforts to animate advance beneath Dorsey is getting appreciated, Monness, Crespi, Hardt, & Co Inc analyst James Cakmak said.
"I anticipate it's just addition point of affirmation that the footfall that they are demography to alter the business against advance is resonating," Cakmak said.
Twitter has fabricated several new announcements back Dorsey, who aswell served as CEO in 2008, alternate on a abiding base endure week. On Tuesday, Twitter said it will lay off about 8 percent of its workforce and on Wednesday, it assassin Google Inc (GOOGL.O) controlling Omid Kordestani as controlling chairman.
FBN Securities analyst Shebly Seyrafi said Ballmer's pale could be apocalyptic of boundless aplomb in Dorsey and his strategy.
"It depends on the timing of his investment. I'm not abiding how abundant of his 4 percent was acquired afore Dorsey was appointed acting or abiding CEO."
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