Steve Ballmer Says He Has Sold All of His Stake in Twitter

Former Microsoft CEO Steve Ballmer said he sold his entire stake in Twitter because he no longer wants to focus on being an investor and the price was attractive, according to Bloomberg.

“The price looked pretty good,“ Ballmer said in an interview with Bloomberg TV at the Milken Conference. “I’m not really excited as a profession to be an investor.“

Ballmer acquired about a 4 percent stake of Twitter in 2015. The social-media company’s shares have more than doubled over the past two years, as the company rebuilt credibility with investors and advertisers. In 2015, the year Ballmer invested, the stock traded in a range from more than $53 to less than $23.

Since co-founder Jack Dorsey returned to Twitter the company has attracted more users and advertisers to the platform through better personalization and a greater emphasis on video content. Despite his stock sale, Ballmer said, “I still remain bullish about Twitter in the long run, whether it’s an acquisition or something else.“