menu

Saudi Prince Invests $300 Million In Twitter [Headlines]

Luxury

Prince Alwaleed bin Talal has been expanding his social media empire and wants a stake in the platform that was used to help mobilize people during the 'Arab Spring.'

Dory Carr-Harris, PSFK
  • 19 december 2011

Prince Alwaleed bin Talal has made a $300 million investment in Twitter Inc., expanding his media empire into social-media sites and giving the Saudi billionaire a stake in an online forum that was widely used by activists in this year’s Arab uprisings.

Prince Alwaleed stressed both the investment potential and growing clout of the short-messaging social network in announcing the purchase, which he said was part of a drive “to invest in promising, high-growth businesses with a global impact,” according to an emailed statement from Kingdom Holding Co., which he heads. Wall Street Journal

+Headlines
+Luxury
+Saudi Arabia
+Twitter
Trending

Volvo Is Launching A Global Car-Sharing Business

Automotive
PSFK MEMBERSHIP


JOIN RETAIL INTELLIGENCE PLATFORM
Get access to retail reports and 20,000 retail insights


LEARN MORE

TREND REPORT


FORECAST 2020
The Consumer Roles That Will Shape Our Future
 

DOWNLOAD NOW

IoT january 19, 2017
Technology january 19, 2017
No search results found.