While Jack Dorsey and his cofounders

[sumaiyakhatun27]

Twitter continued to improve its service and add new features as it kept growing rapidly. The platform attracted several celebrities and important personalities as it grew. The first significant change in the ownership of Twitter occurred on the 7th of November 2013, when the company went public by having its initial public offering on the New York Stock Exchange at the rate of $26 per share for 70,000,000 shares.


Formerly owned the company, it became a publicly traded company vp purchasing officer email lists owned by several shareholders. The biggest shareholder at the time was cofounder Evan Williams, with about a 10.4% stake in the company. Williams kept selling his shares throughout the years till he departed the board in 2019. Jack Dorsey owned a 4.3% stake worth about $1.1 billion.


Dick Costolo, who was once Twitter’s COO and CEO, owned about a $346 million stake in the company. Peter Fenton, an early investor, and a board director at the time, owned a stake worth $1.4 billion. In 2016, Twitter’s shares rose by 20% after the rumor of a potential takeover by giant companies such as Microsoft, Alphabet (Google’s parent company), The Walt Disney Company, Verizon, and Salesforce.