Twitter
Cofounders and CEO
Have **
Plans to
Sell Shares
Twitter's stock shot up by more than 3% in early trading Monday after the company an**unced that its CEO and two of its
Cofounders Have ** immediate
Plans to
Sell shares.
In a
filing with the SEC,
Twitter **ted
Cofounders Evan Williams and Jack Dorsey, as well as CEO Dick Costolo, "have ** current
Plans to
Sell any of their
Shares of
Twitter common stock."
See also:
Twitter Fights For Mainstream Adoption With Facebook-ish Updates
The news comes just a few weeks before a major stock lockup period ends, allowing an additional 480 million
Shares of
Twitter stock to hit the market
Twitter went public just more than six months ago and saw its
Shares nearly triple from its IPO price at one point. In recent days, however,
Twitter stock tumbled back near its all-time low due to concerns about the lockup expiration and broader declines with Internet stocks
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