Ex-Microsoft Honcho Steve Ballmer Is Now Twitter's Third Largest Individual ShareholderBy cheatmaster 08:46 Wed, 28 Jul 2021 Comments
Steve Ballmer, who was the chief executive officer of Microsoft for a whopping 14 years, has bought a 4% shold in Twitter. This makes him the third largest individual shareholder in the micro-blogging company, owning more than its founder and CEO Jack Dorsey.
Photo credit: Stephen Brashear/Getty Images
The information was revealed by the man himself in a tweet, where he termed Twitter's recent 'Moments' feature as innovation, and praised Dorsey's re-appointment as the company's recent CEO. "Good job @twitter, @twittermoments innovation, @jack Ceo, leaner, more focused," the tweet read. "Glad I bought 4% past few months."
Twitter's current market value stands at $21 billion, meaning Ballmer's shold is worth around $800 million. For those who aren't aware, according to Forbes, Ballmer is the world's 35th richest man with a net worth of $21.5 billion.
This comes just days after Twitter announced that it will slit up to 336 jobs, which is around 8% of the company's total workforce.
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