Former Microsoft Chief Executive and owner of the NBA’s Los Angeles Clippers Steve Ballmer recently took a 4 percent stake in Twitter, according to tweets posted late last night. He also praised the company and newly-installed CEO Jack Dorsey for the launch of Moments and its latest moves around innovation, which involved the layoffs of 8 percent of its workforce.
It’s believed that Ballmer bought shares over the past few months. Ballmer reportedly confirmed the move in an email to Bloomberg Business today. We’ve reached out to Twitter for comment and will update if we hear back.
The unverified account appears to be in fact Ballmer’s as his verified one where he represents the Los Angeles Clippers points followers to this new one. However, both accounts aren’t exactly prolific when it comes to tweeting.
Following the news, Twitter’s stock is up 1.88 percent after opening up at $30.08.
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Former Microsoft CEO Steve Ballmer owns 4% of Twitter
from VentureBeat » Social Media Companies | Social Network News | VentureBeat http://ift.tt/1PmwIH2
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