Home You Don’t Have To Use Twitter To Invest $300M In Twitter

You Don’t Have To Use Twitter To Invest $300M In Twitter

The $300 million secondary investment Twitter confirmed Monday morning comes from a key figure in a region where Twitter is experiencing some of its fastest growth.

Never mind that Prince Alwaleed bin Talal, the Saudi investor whose Kingdom Holding investment firm has stakes in Apple, Citigroup, and now, 3% ownership of Twitter, isn’t a big user of the service himself (Prince Alwaleed follows just 25 users with his account – including Fox News and Barack Obama – and he hasn’t tweeted since Oct. 6 when he sent out RIP condolences to Steve Jobs).

Arabic is the fastest growing language used on Twitter and the company has gotten credit for playing a role in the Arab Spring uprisings in Northern Africa and the Middle East earlier this year, and that makes Prince Alwaleed’s investment significant.

“Kingdom realizes the importance of social networks like Twitter and their future growth prospects, and decided to benefit from this trend,” Samer Darwiche, an analyst at Gulfmena Investments in Dubai, told Bloomberg News.

The investment was confirmed by a Twitter spokesman, but the company declined to give further details.

Twitter, which remains a private company, was valued at $8 billion in August. A series of recent management shakeups and staff departures has had some speculating that the company is growing through some growing pains, but other see it as an attempt to solidify its engineering talent and prep the company for more growth and, perhaps, an initial public stock offering.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.