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Meet Twitter’s New Billionaire Investor, Saudi Arabian Prince Alwaleed

By Raj / 12.20.11

No, your eyes do not deceive you. Yahoo! reports Saudi Prince Alwaleed bin Talal, just announced that he will pour $300 million into our favorite fit-what-you-can-in-under-140-characters social networking site. It’s a somewhat ironic move because freedom of speech isn’t something that the Middle East is really known for. In fact, even more ironically, Twitter was a key method of communication during the Arab Springs revolt earlier this year, which eventually resulted in the governing body yielding to protestors’ demands by creating a $130 Billion spending package.

In a year filled with global rebellion, social networking has been instrumental in spreading propaganda here in the United States at the Occupy movements, and even more so Egypt where the government shut down the country’s internet to avoid mass communication, during the revolution and subsequent overthrowing of Hosni Mubarak. Thus, many users are (rightfully) under the impression that there may now be a conflict of interest, as they speculate that Prince Alwaleed may use his 4% stake in the company to influence means of censorship and restriction.

[Yahoo]


TAGSDigital NewsEVERYTHING ELSEHEADLINESKingdom HoldingMoneyPrince Alwaleed bin TalalTwitterVIDEOS

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