This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Evan Williams Heads List of Twitter Shareholders

NEW YORK ( TheStreet) -- Twitter co-founder Evan Williams is tops among the company's shareholders as the mico-blogging site seeks to sell $1 billion in stock through an initial public offering.

Twitter said in an IPO filing with the Securities and Exchange Commission released on Thursday that Williams will own 12.1% of the company's stock. David Rosenblatt will own 6.7% of the firm's shares, while co-founder and current Square head Jack Dorsey will own 4.9%. Twitter CEO Dick Costolo owns 1.6% of the company's shares, according to the filing.

The San Francisco-based company also listed venture capital firms Spark Capital, Benchmark Capital Partners, Union Square Ventures, Rizvi Traverse and DST Global as other shareholders with a stake of 5% or more in the company.

Twitter's calculation's are based the company's 473,839,475 shares of common stock outstanding as of August 31, 2013.

According to the filing, Twitter's revenue in 2012 totaled $316.9 million. The company's revenue for the first six months of 2013 totaled $253.6 million, the filing said.

Twitter noted that revenue grew by 198% from 2011 to 2012, while net loss decreased by 38% to $79.4 million. During that same timeframe, Adjusted EBITDA increased by 149% to $21.2 million.

The company now has over 200 million monthly active users MAUs and over 500 million tweets are sent on its network each day.

"We have more than 215 million MAUs from around the world. People come to Twitter for many reasons, and we believe that two of the most significant are the breadth of Twitter content and our broad reach," the company said in its filing.

-- Written by Antoine Gara in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
FB $77.63 0.09%
AAPL $124.05 -1.40%
GOOG $522.21 -1.60%
TSLA $228.63 -1.90%
YHOO $41.60 0.71%

Markets

DOW 17,763.84 -164.36 -0.92%
S&P 500 2,071.85 -17.61 -0.84%
NASDAQ 4,896.6430 -42.6840 -0.86%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs