Twitter Co-Founders, CEO and Top Investor Plan to Hold Stock
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Twitter Inc.’s co-founders, chief executive officer and largest investor have no immediate plans to sell shares, as the company seeks to temper concern that its stock will soon flood the market.
Jack Dorsey and Evan Williams are hanging onto their stakes through the company’s May 5 expiration of its share lockup, as is CEO Dick Costolo, the San Francisco-based company said today in a regulatory filing. Rizvi Traverse Management LLC, whose 14 percent stake makes it the biggest investor, also has no intention to sell, a person with knowledge of the firm said.