Former Microsoft CEO Steve Ballmer reveals he has a 4% stake in Twitter
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Former Microsoft CEO Steve Ballmer reveals he has a 4% stake in Twitter

ballmerSteve Ballmer now owns the identical proportion of Twitter as he does of Microsoft.

The previous Microsoft CEO immediately confirmed with Bloomberg that he owns a 4 p.c stake in the social media large. Ballmer tweeted late Thursday night time about Twitter, noting his assist for the latest adjustments on the firm and revealing that he has not too long ago change into a substantial shareholder.

Good job @twitter,@twittermoments innovation, @jack Ceo, leaner, extra centered. Glad I purchased 4% previous few months. Like @alwaleedbinT transfer too

— Steve Ballmer (@Steven_Ballmer) October 16, 2015

Twitter’s stock is up almost 4 p.c immediately following Ballmer’s tweet. The corporate has gone via some massive adjustments in the previous few months because it seems to be to maintain progress, together with co-founder Jack Dorsey taking up as CEO, former Google veteran Omid Kordestan coming in as executive chairman, and new merchandise like Twitter Moments — all of which Ballmer confirmed assist for in his tweet.

twitterShares of Twitter, nonetheless, are down 40 p.c in the previous six months. The corporate laid off 8 percent of its workforce earlier this week.

Primarily based on the worth of the corporate’s inventory at immediately’s value, Ballmer’s stake in the corporate is price greater than $800 million.

Bloomberg famous that Ballmer now ranks third amongst high particular person shareholders at Twitter. Ballmer’s new stake in Twitter provides to his different post-Microsoft investments, which embody a $2 billion purchase of the NBA’s Los Angeles Clippers.

The previous Microsoft CEO, who led the corporate from 2000 to 2013 earlier than stepping down final 12 months, additionally still owns about 4 percent in Microsoft and is the biggest particular person shareholder of the Redmond tech large.

So far as Ballmer’s Twitter account, it’s unclear why he’s not a “verified” person on condition that the 59-year-old is now an investor. Right here’s a tweet from Oct. 5:

I believe @twitter is exceptional. There may be superb probability to innovate and develop. Excited to see progress with @jack as CEO Spectacular dude!

— Steve Ballmer (@Steven_Ballmer) October 6, 2015

Ballmer initially began tweeting from @stevebmicrosoft and referenced the account during a 2014 graduation speech at USC, however has since transitioned to @Steven_Ballmer. His first tweet ever was from April 2009:

Russia right here we go

— Steve Ballmer (@stevebmicrosoft) April 19, 2009

Ballmer solely tweeted or retweeted others about 30 occasions on his authentic account. We’ll see if his Twitter exercise picks up now that he’s an lively investor in the corporate. With the NBA season developing, we will anticipate some Clippers-related tweets, for certain.

NBA preseason is right here. I’ve to say I’m so so so enthusiastic about that @LAClippers are set to roll

— Steve Ballmer (@Steven_Ballmer) October 6, 2015

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