Short Bytes: In a tweet on Friday, former Microsoft CEO Steve Ballmer announced that now he owns 4% Twitter shares. This unexpected announcement means that now he’s one of the biggest shareholder’s of the micro-blogging website.
He, the owner of the Los Angeles Clippers basketball team, tweeted on Friday: “Glad I bought 4% past few months.” He praised the newly appointed Twitter CEO Jack Dorsey for making the company “leaner, more focused.”
Bloomberg confirmed the news and reported that after the announcement, Twitter shares rose 4.9 percent to $31.15, their highest level since July 30. It should be noted that Twitter has failed to attract the public market as investors have always been skeptical about the future growth of Twitter as compared to Facebook.
— Steve Ballmer (@Steven_Ballmer) October 16, 2015
Twitter co-founder Ev Williams has a 6.8 percent and Dorsey has 3 percent stock holdings. Last week, Saudi Prince Alwaleed Bin Talal disclosed that he had more than a 5 percent shares in Twitter.
According to Forbes, Steve Ballmer is worth $23 billion, with $800 million value of Twitter stocks. It’s being said that Ballmer could be interested in a seat on Twitter’s board.
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