Steve Ballmer, who was the chief executive officer of Microsoft for a whopping 14 years, has bought a 4% stake in Twitter. This makes him the third largest individual shareholder in the micro-blogging company, owning more than its founder and CEO Jack Dorsey. Photo credit: Stephen Brashear/Getty Images The information was revealed by the man himself in a tweet, where he termed Twitter's new 'Moments' feature as innovation, and praised Dorsey's re-appointment as the company's new CEO. "Good job @twitter, @twittermoments innovation, @jack Ceo, leaner, more focused," the tweet read. "Glad I bought 4% past few months." Twitter's current market value stands at $21 billion, meaning Ballmer's stake is worth around $800 million. For those who aren't aware, according to Forbes, Ballmer is the world's 35th richest man with a net worth of $21.5 billion. This comes just days after Twitter announced that it will cut up to 336 jobs, which is around 8% of the company's total...
Source: http://www.gsmarena.com/exmicrosoft_honcho_steve_ballmer_is_now_twitters_third_largest_shareholder-news-14527.php
