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Twitter’s Williams Said to Own 15% Stake as IPO Nears

Twitter Inc. co-founder Evan Williams is the company’s biggest shareholder with about 15 percent, said people familiar with the matter, leaving him in position to become a billionaire after the initial share sale.

Williams owns a bigger stake than co-founder Jack Dorsey, said the people, who asked not to be identified because ownership stakes haven’t been disclosed. Twitter said earlier this month that it confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission.