Monday, December 19, 2011

Saudi Prince Invests $300 Million in Twitter

This has Super Whacky Muslim Fun Time written all over it.
Prince Walid bin Talal of Saudi Arabia announced he had taken a $300 million stake in the social media site Twitter, as he continues to expand his holdings in the United States.
The investment by Prince Walid and the Kingdom Holding Company represents roughly 3 percent of Twitter. Prince Walid, who owns 95 percent of Kingdom Holding, said in a statement that the purchase was part of a strategy “to invest in promising, high-growth businesses with a global impact.”
$300 Million is only 3% of Twitter?  WTF!!!!!  That is one big bubble.  Don't wanna be anywhere near that when it pops. 

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