Twitter not to sell shares of common stock
Twitter, on its earnings call, has reportedly revealed that it does not plan on selling its shares for reimbursement to its shareholders and investors.
The company significantly emphasized that they were holding onto their shares because of its long-term investment plan and due to the beneficence of the organization.
According to Tech Crunch, those individuals and groups not selling their shares will lessen the impact of the large unlock on May 5th.
CEO Dick Costolo, plus co-founders and other board members, have no intention of liquidating their shares
At present, the company is set at a new low of 38.16 dollars. It, in fact, is trending towards the company's IPO price of 26 dollars, the report added.
(Posted on 30-04-2014)