Some of Twitter Inc.’s biggest and earliest backers said they don’t intend to sell shares when rules barring them to do so expire on May 5, giving the young public company a much-needed vote of confidence after its shares tumbled in recent months. Rizvi Traverse Management LLC, whose 14.4% stake in the company is the… Read more »
Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name… Read more »
The largest stake in Twitter Inc. first came together seven years ago at a posh Caribbean resort. On Necker Island, a retreat owned by billionaire Richard Branson, Suhail R. Rizvi, a little-known but well-connected financier, met Chris Sacca, a brash, young Google Inc. executive. Their friendship would later form the foundation of a 15.6% stake… Read more »
(Reuters) – When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet. Over the past two years, Suhail Rizvi, founder of New York private… Read more »