Free counters!
FollowLike Share It

Monday 19 December 2011

Saudi prince invests $300 million in Twitter Read more at:

Dubai, United Arab Emirates:  Saudi billionaire Prince Alwaleed bin Talal says he and his investment company are investing a combined $300 million into the micro-blogging site Twitter.

Alwaleed said in Monday the joint investment with his Kingdom Holding Company represents an interest in investing "in promising, high-growth businesses with a global impact."

Twitter allows users to send short messages of up to 140 characters. It has been instrumental in connecting protesters and relaying on-the-ground developments during this year's Arab Spring uprisings.

Alwaleed's KHC is a major shareholder in Citigroup and holds stakes in other large stakes in other western giants, including Apple and Rupert Murdoch's News Corporation.

No comments:

Post a Comment