Saudi Prince Investing in TwitterAdded: Thursday, September 26th, 2013
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It was just a few months ago that the Saudi religious police claimed that anyone using Twitter had lost this world and their afterlife, with the wonderfully titled grand mufti calling Twitter users “fools”. This is why it has come as a surprise to many involved in the Twitter initial public offering that Saudi prince Alwaleed bin Talal happens to be a key investor in the company. As such, he will have a sizeable share in the coming floating.
According to the prince, he has invested $300 million in the microblogging platform and is not going to sell his stake at all. Alwaleed bin Talal believes that with userbase of 300 million people and half a billion tweets per day, the growth potential of Twitter is tremendous.
It seems that the official hatred for Twitter in Saudi Arabia means nothing to the Prince, who is against anybody trying to control or censor this service or any other social media, even if it is local authorities. Alwaleed claimed that Twitter accelerated the process of disseminating news and should therefore remain an open forum for everyone.
The prince admits that fighting Twitter is a losing war, though it might be a bit strange given that the imam of the Grand Mosque’s public TV appearance warned the citizens that “Twitter was a threat to national unity”.
Alwaleed bin Talal is a nephew of Saudi Arabia’s King Abdullah and owns international investment company Kingdom Holding. The prince is a closely watched figure in international markets due to his successful investments through Kingdom Holding in such companies as Citigroup and Rupert Murdoch’s News Corp.
September 26th,2013Posted by:
Thursday, September 26th, 2013
|Sam this is a great post -i hope it helps a few more people aware of the Saudi regime.?is just sealed its fate....will we have tweet torture,tweet death,beheading,etc|
|posted by (2013-09-27 01:16:18)|
|twitter s given way too much credit! while it might have a large number of accounts registered how many of these are in actual regular use|
|Yea I agree with you @ 2....|
|so what? all Saudi tweets are like this: looking for white woman who doesn't mind hairy smelly man! xo Abdul Achmed|
|I wonder what the actual cost of the hardware is and IT people to run Twitter. I mean its not like a factory producing goods.|
|posted by (2013-09-29 15:05:45)|
|Me Rich Prince,,Me Rich,,Me Have Money,,Me I Really Have Money,,Me Looking For White Woman,,Many White Woman,,Me Give Me Lots Of White Woman!Me Thank You,,Me Good To Be Me!!|
|Twitter, is, for twits. Junk.|
|posted by (2013-09-29 21:08:34)|
|invest my a$@ ... he wants to monitor saudi people tweets|
|not surprising, i heard facebook has been taken over by muslims too. its why the "death to america" page is still up and the "ban islam" page got banned like about 50 times|
|well he is a prince so he must have lots of cash... so he can invest in anything.. either it is worth of it or not...!!||
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