Twitter Insiders Set to Hold Stock Even as Lockup Expires
This article is for subscribers only.
Some of Twitter Inc.’s biggest investors are hanging on to their stock, even as restrictions on selling the shares are set to lift today.
About 480 million shares from Twitter insiders will become eligible for sale tomorrow for the first time since the San Francisco-based company’s initial public offering in November. That’s more than four times the current amount available for trading, which could push the stock price down if those shareholders sell.