Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    64,185.00
    +680.83 (+1.07%)
     

  • CMC Crypto 200

    1,374.25
    +61.63 (+4.69%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,405.70
    +7.70 (+0.32%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Twitter CEO, co-founders not selling stock

Twitter says CEO, co-founders don't plan on selling stock after lockup expires on May 5

Associated Press

NEW YORK (AP) -- Twitter says its CEO Dick Costolo and co-founders Jack Dorsey and Evan Williams have no plans to sell any of their shares when the company's post-IPO lock-up expires on May 5.

Lock-up periods prevent company insiders from selling stock following an initial public offering. Twitter went public on Nov. 7, pricing its stock at $26 per share. The stock later soared as high as $74.73. On Monday, the stock was trading at $40.49, up about 1 percent.

Twitter Inc., based in San Francisco, also said Monday that Benchmark Capital also doesn't have plans to sell stock before or immediately after May 5. Peter Fenton, a general partner at Benchmark, is on Twitter's board.