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First Lockup Expiration Lapses on Saturday for Twitter

After today, company insiders (non-executive employees) at Twitter Inc (NYSE:TWTR) will be eligible to sell as many as 9.87 million shares. The lockup expiration will increase the number of outstanding shares for the microblogging social media site. Twitter’s price may fall as a result of the lockup expiration because short-sellers are prevalent in that area.