Saudi prince invests $300 million into Twitter

By on December 20, 2011
submit to reddit

Aims to have a “strategic stake”. Hmm.


There was a time where Twitter lacked a revenue model and was mocked about it, but recently all of that has begun to change with their new advertising features as well as the new interface that makes it more attractive to advertisers. Now, looks like the company is getting a boost of new capital in form of an unlikely person.

Bloomberg reports that Saudi Prince Alwaleed bin Talal has invested $300 million into the micro-blogging website. This was done alongside his investment company Kingdom Holding which looks to have a “strategic stake” in Twitter. Twitter confirmed this but declined to give any more information.

It’s great for the company that can now focus on working on the website since this is a significant investment to say the least.



Filmmaker and film writer. An ironically strange combination. Follow his tweets on @faisalhashmi for his escapades in film.

Most Read
Most Commented
Win two Toshiba AT200 tablets

This festive season Toshiba has 2 tablets to giveaway.

Win an MSI FM2-A85XA-G65 Motherboard

Thanks to MSI we have an great AMD FM2 motherboard to giveaway.

Win a Nokia Asha 311

Thanks to Nokia we have a great entry-level smartphone to giveaway.