Ev Williams Sells $100 Million in Twitter Stock
Dmitry Medvedev, left, laughs it up with Twitter co-founders Evan Williams, center, and Biz Stone, right.
Updated at 3:49 PM PDT on Monday, Feb 28, 2011
What would take Evan Wiliams longer: counting each penny he has or reading all the tweets sent in any given day?
If you're Williams it probably doesn't matter. As long as people keeping sending an exorbitant amount of Tweets, the Twitter co-founder can continue to cash in.
And on Monday he did just that. Business Insider reports that Williams sold $100 million worth of his personal Twitter stock and he is still the company's largest shareholder.
The news comes on the day that J.P. Morgan Chase is reportedly interested in becoming a minority owner in the San Francisco-based microblogging site that is valued at around $4 billion.
Williams was not in any dire need of cash -- as far as one can tell. He sold his last venture, Blogger, to Google for millions back in 2003.
He also has been recently playing the real estate market as well as freeing up his time by stepping down from his CEO gig at Twitter.
Published at 3:29 PM PDT on Feb 28, 2011