The newly made head of Twitter Jack Dorsey intends to give its own employees a 1% stake in the firm. Their approximate price is estimated at $ 200 million.
"I give thirty percent of my shares (exactly 1% of the company) our employees, specifically investing in people. I like to be humble part of something big than a big part of something small. I am convinced that together we will make Twitter a great company!" - Dorsey wrote in his own microblog.
After the transfer of the shares Dorsey as before remains the 7th largest shareholder of Twitter with a market share of 2,23% of the shares. The relationship of the CEO with the team in recent times been quite strained in consequence of the news of the intent to lay off about 8% of employees. Probably directly because Jack Dorsey was appointed as the interim CEO after the departure of Twitter dick Costolo.
In October it became known that Dorsey officially took the post of head of the firm. Its main objective is the resumption of the positions of firms in the market and renewed investor confidence lost since 2013, the company Dick Costolo, who took the post in 2010 after leaving another co-founder of Twitter, Evan Williams. Despite internal instability, the company's capitalization is estimated at $ 20 billion.
sections: World News, Economics