Twitter's CEO, top share holders won't sell off shares

Tuesday, 15 April 2014 - 6:26pm IST | Agency: ANI

The founders and top share holders of social network giant Twitter, are reportedly not in the mood to sell off their shares.

According to TC, Twitter this morning signaled to investors that its founders and board still believe in the long-term value of the company, with news that CEO Dick Costolo, plus co-founders and board members Jack Dorsey and Evan Williams, as well as Benchmark, have no intention of selling their shares of Twitter common stock.

While the company is now letting its employees cash out and sell their shares, Twitter's leadership has been taking steps to ensure its investors know that it's in it for the long haul.

The filing's timing comes just ahead of Twitter's first major lock-up expiration date, on May 5th, which makes some 500 million shares of stock available, the report added.

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