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As reported by Bloomberg– and confirmed on Sunday by the Saudi Arabian billionaire’s holding company — Prince Alwaleed bin Talal has bought $300 million worth of Twitter stock. Although it’s not clear whether he acquired the shares on the secondary market or directly from the company itself, the size of the investment sparked concerns that the prince might try to influence Twitter — especially if the revolutionary fervor of the “Arab spring” spreads to the kingdom. Although the risk of this seems remote, that users are raising the issue at all highlights the challenges for Twitter now that it has become a major media entity.
Al-Waleed bin Talal is also holds the largest share of News Corp (Fox News, News International) outside of the Murdoch family.
Just don’t let him buy tumblr. We should stop using twitter, so he loses money.
And then there’s this: JP Morgan Chase has invested in a fund that has bought $400 million in Twitter shares.
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oh my.
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DA DA DA DUN…. IRONY. A few months ago, a friend and I were discussing the capacity of the internet to counteract...
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As reported by Bloomberg– and confirmed on Sunday by the Saudi Arabian billionaire’s holding company — Prince Alwaleed...
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vinegarwilliams: paxamericana: As reported by Bloomberg– and confirmed on Sunday by the Saudi Arabian billionaire’s...
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And then there’s this: JP Morgan Chase has invested in a fund that has bought $400 million in Twitter shares.
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