Monday December 19, 2011

Saudi Prince Invests $300M In Twitter

If I had $300 million to invest, I'm not too sure it would be Twitter.

Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into Twitter, giving the microblogging site a cash boost as it looks to entice more users and paying advertisers. The joint investment follows months of negotiations and represents a "strategic stake" in Twitter. t wasn't clear how much of Twitter the prince will control.