Twitter executives said that they had no plans to sell their holdings in the social media platform, reported Bloomberg.
After the lockup agreements expire tomorrow, Twitter Inc's insiders will have a first chance to sell their stock. The company's shares have more than doubled since its IPO last year, Bloomberg reported.
Newly-launched San Francisco, California-based human-powered discovery and search parsing app Jelly raised an undisclosed amount in a Series B funding round led by Greylock Partners.
US-based online writing and reading system Medium by Evan Williams is considering raising $20 million from venture capitalists after basically thriving on angel investments, according to circulating rumors.
Twitter's major stakeholders would benefit from the initial public offering should the social media company's debut would succeed.
Twitter Inc co-founder and chairman Jack Dorsey reportedly was not the one who had let go of co-founder Noah Glass.
According to a Bloomberg report, major shareholders like Twitter co-founder Evan Williams would stand to see a rise in the valuation of their shares in the microblogging service after Twitter's IPO.