Friday, October 4, 2013

Twitter just minted a billionaire: Evan Williams

Technology News A billion reasons to celebrate: Evan Williams, co-founder of Twitter in 2010.

A billion reasons to celebrate: Evan Williams, co-founder of Twitter in 2010. Photo: Tony Avelar

Twitter just minted a billionaire -- at least on paper.

Evan Williams, the 41-year-old co-founder of Twitter, owns 12 per cent of the social media company that is expected to go public next month, according to a filing with the Securities and Exchange Commission on Thursday.

It tweeted it had submitted a confidential filing last month.

Twitter has been valued on the secondary markets at about $US9.4 billion ($9.97 billion), making Williams' stake worth more than $US1.1 billion ($1.17 billion).


Forbes is estimating Williams, Twitter's largest individual shareholder, may be worth closer to $US1.4 billion ($1.49 billion) based on current valuations.

Fellow co-founder Jack Dorsey's 4.9 per cent stake is worth a cool half-billion ($530 billion).

Williams, the company's former chief executive who is known to the nearly 1.7 million that follow him on Twitter as "@ev," is no longer involved in the day-to-day operations of Twitter. He is working on a new project: an editorial website called Medium.

Notably missing from the filing: Co-founder Biz Stone. He has apparently sold enough stock not to be listed as a major shareholder.

LA Times

Further Reading:

jika diwebsite ini anda menemukan artikel dengan informasi dan konten yang salah, tidak akurat, bersifat menyesatkan, bersifat memfitnah, bersifat asusila, mengandung pornografi, bersifat diskriminasi atau rasis mohon untuk berkenan menghubungi kami di sini agar segera kami hapus.
◄ Newer Post Older Post ►

© KAWUNGANTEN.COM Powered by Blogger