Steve Ballmer takes 4% stake in Twitter

Former Microsoft CEO Steve Ballmer has purchased a 4% stake in Twitter, making him the third-biggest individual shareholder in the social media company.

Steve Ballmer now owns more shares in the company that Twitter CEO, Jack Dorsey with Ballmers stake valued at more than $800 million based on Twitters $21 billion market value

The only bigger individual stakeholders in the company are co-founder Evan Williams and Saudi billionaire Prince Alwaleed bin Talal Twitters shares rose 5.6% to $31.34 on Friday.

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