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Twitter Co-Founder Ev Williams Is Selling 30 Percent of His Stock For 'Personal' Reasons (recode.net)
The co-founder and current board member of Twitter, Ev Williams, said today that he plans to sell a "minority of [his] TWTR" stock over the next year, and doesn't plan to sell "more than 30 percent" of his holdings. Williams is the company's largest individual shareholder, so his recent announcement may make some investors worried. However, Twitter stock was only down less than 1 percent Thursday following this news. Recode reports: Williams was careful to say the sale was for "personal" reasons, not company performance reasons. Twitter's stock is down more than 15 percent over the past three months. Williams explained the sale in a blog post, and wrote that he has spent a lot of money investing through his venture fund, Obvious Ventures, and also donated a lot to charity and political campaigns over the past year. "I'd like to continue," he added. Williams sold about $4 million in stock this week, according to an SEC filing, and has set up a 10b5-1 trading plan, which means he'll sell at pre-determined dates moving forward to avoid any concerns over insider trading.
but this time it is personal.
Lol.
At the lack of controversy this stirs
a palimony/paternity suit???
Yeah I bet he "personally" doesn't think the company is going to last, and wants to sell out before the stock completely tanks. Gotta lock in those gains!
He doesn't want all his theoretical money to disappear, personally.
Pump & dump 'em.
I mean, really, these companies have no physical assets or real estate holdings.
I'm always surprised when any of their stock is valued at more than a dollar.
I'd assume his Twitter holdings account for vast majority of his net worth and it is only prudent to diversify. Many executives sell shares in companies they work at for this exact reason. Even if the company is sound. Don't be like Enron employees who invested everything on company stocks and were left with nothing. No job and no savings.
Rats Fleeing Sinking Ship, Film At Eleven
Williams was careful to say the sale was for "personal" reasons, not company performance reasons
Company performance LOL.
Since its inception, Twitter has never generated a penny in profit and its cumulative losses have to add up to at least a billion dollars, if not more. The fact that its stock price is anything other than zero demonstrates once again that the stock market is nothing more than a big speculation/manipulation scam.
Personal reasons, such as "I like personally being wealthy, and may as well sell all this paper before it becomes worthless."
And Trump ran for President to make American great again and not to stuff his pockets with more money through unethical, immoral and illegal dealings all mired deeply in conflict of interest.
Donnie boy, America was great then you got your hands on it and it's turning into a pretty shitty place.
While he can, before it all tanks.
He needs to fund his Earthquake-creating laser, so that his villainous schemes can come to fruition.
Williams explained the sale in a blog post
The fact that he had to explain it on his blog, as opposed to using Twitter, reveals the fundamental shortcoming of the entire platform.
Supported Clinton and now won't be getting "special deals"?
He knows people are pissed.
I mean, really, these companies have no physical assets or real estate holdings.
I'm always surprised when any of their stock is valued at more than a dollar.
The stock market prices a company's shares based on the market's perceived value of future profits.
That's why companies like Tesla can continue to fail to create positive net earnings, yet their stock price continues to go up. Until it doesn't.
Maybe he wants to buy some stuff?
Except Tesla is operating in the green, you fucking dolt.
How much are we talking about here? One million dollars? A billion? 10 billion?
He currently owns about 45 million shares. 30% of that is about 14 million. At about $14/share, that's roughly $200 million.
His 45 million shares amount to 7% of Twitter, so we're talking about 2% of the company changing hands.
Like his personal bank account?
The green? It's red or black, pick one.
NAWBO (https://www.nawbo.org/) must've commandeered Twitter.
Personal Reasons = He wants his cash
"I want to replace this turkey with something of lasting value before my net worth drops too much" is still a "personal reason"
If I had overvalued stock, I would sell it for personal reasons too. Personal masseuse, personal chaffeur, etc.
You don't have those things when reality catches up and your stock plummets loses over 90% of its value.
It's time to fold and ante into a new game.
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According to the latest ruleset, this post should be modded as Vorpal Flamebait +5.
as in, he wants to protect his personal assets when the company that is a glorified SMS relay goes down in flames for trying to become SMS Relay + Social Justice
Snowden and Manning are heroes.