Saudi prince drops $300 million for TwitterDon’t you find it rather interesting that the Arab Spring this year kicked off in such a great force across different countries throughout the Middle East, thanks to the power of social networks like Facebook and Twitter? The House of Saud have been rather wise in introducing more reforms to the kingdom of Saudi Arabia gradually to keep their people happy, instead of suppressing them like those living in Libya, Egypt and Syria, which could prove vital in hindsight to prevent any uprising there. Here is another bit of news that makes one wonder – why would Saudi Arabian Prince Alwaleed bin Talal’s investment firm, Kingdom Holdings, invest $300 million in Twitter? After all, this microblogging service helped spread the Arab Spring protests in early 2011. Perhaps this is to have a say in how Twitter runs, so that something like the Arab Spring would not happen in Saudi Arabia down the road? Either way, I would say that those who have cashed out on their Twitter shares would be happy at the kind of money they received in return.

This article was filed in Homepage > General and was tagged with investment and Twitter.
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