Source : Pixabay/LoboStudioHamburg
Twitter has been struggling to keep itself profitable over a long period of time. Earlier today, the company got another blow after one of the co-founders Ev Williams announced that he planned on selling potentially upwards of 30% of his stake in the microblogging service.
In a recent blog post in Medium, he said that majority of his personal assets are Twitter shares and he took the decision due to personal reasons. He also noted that he is optimistic about the future of the company as the platform is taking several steps in the recent months to stop harassment on the platform.
The director left the company over a year earlier and didn’t sell his shares but recently filed a new plan to sell off a portion of his 5% stake at the company and as plan materialized between Monday and Tuesday, he sold approximately 273,000 shares worth over $4 million.