Technobezz

Steve Ballmer Takes 4% Stake In Twitter, Owns More Than CEO Dorsey

Steve Ballmer, the former chief executive of Microsoft Corp has taken a 4% stake in Twitter Inc., this news was confirmed by his spokesman, and it made him the 3rd biggest shareholder in the Twitter.

Twitter’s total market value is $21 billion and Steve Ballmer’s stake is worth $800 million. The other two persons who are ahead of Ballmer as the individual stakeholders are Evan Williams (co-founder) and Prince Alwaleed Bin Talal (Saudi billionaire).

 

Steve Ballmer

Source – www.thewrap.com

Soon after Ballmer tweeted that he built up his stake in the past few months, the Twitter’s share rose to 5.6% on October 17.

After getting retired as Microsoft CEO in February, Steve Ballmer acquired the Los Angeles Clippers basketball team, and his personal fortune is of $21.5 billion, which makes him the 35th richest person in the world as per the research of Forbes Magazine.

However, there is no guarantee that twitter will get huge success because of his backing as an investor. During his leadership at Microsoft for 14 years, the shares of Microsoft got declined. According to the data from Thomson Reuters, Steve Ballmer now owns more of Twitter than Dorsey (3.2% stake), the CEO and co-founder of the social media Company. The largest individual stakeholder is Williams with about 7.5% stake, and Alwaleed is in the second position with 5.2% stake.

Source- DealStreetAsia 

 

More on this topic

Leave a Reply

how to use File sharing on LG G6
LG G6 Verizon Customers Get Software Updates; Upgrade to Android Pie Around the Corner Too
Google Fi
Google Fi Subscribers Can Look Forward to More Fun in 2019
2019 Samsung A series Smartphone
2019 Galaxy A Series Phones: Samsung Likely to Usher In-Display Fingerprint Sensor
Apple 5G Modem
Apple Had its Sights on a 5G Device? Deposition in the Qualcomm Case Reveals
Android Apple Gaming How To Internet iPhone Personal Computers Review Site review The Top Best
Google Fi
Google Fi Subscribers Can Look Forward to More Fun in 2019

Google has been doing its bit to enable mobile phone users...

How To fix Apple Watch Won't Charge 6
How To fix Apple Watch Won’t Charge

As we can read the Apple explanation about Apple Watch battery,...

Android apps closing
How to Fix Android Apps Closing by Themselves (Automatically)

Android phones are turning more robust by the day. We have...