Prince of Saudi Arabia Walid bin Talal has invested a whopping amount of $300 million in microblogging site Twitter making it more reliable for the investors. 5 year old Twitter which currently has over 100 million users has rapidly evolved to an omnipresent communications tool which enables companies and individuals to both share and broadcast information in real-time. Revolutionaries during Arab Spring embraced Twitter for organizing protests as well as galvanizing support. With this investment, Twitter will stand a promising brand name in the international arena.
1- Another foothold at global media industry Prince Walid bin Talal’s investment into Twitter is being taken as another foothold at the global media industry. Alwaleed bin Talal has a fortune of over $19 billion, already owns a 7 percent stake in News Corp and plans to start a cable news channel. He has stakes in established giants such as Apple, Walt Disney and Citigroup.
2- Twitter’s role in Arab uprisings Twitter has played a vital role in the Arab uprisings late this year. Not only this, it was credited playing a role in the social uprisings across North Africa and the Persian Gulf. According to the data intelligence company Semiocast, Arabic-language messaging is the fastest-growing segment on Twitter. It will be beneficial for the Prince obviously.
3- Twitter is the Internet darling Twitter is the new Internet darling and it has lured the price to invest. . At $8.4 billion, Twitter is now worth more than Zynga, the profitable gaming company that went public last week. Though, Twitter is still shaping its business model, but it’s quite worth. Twitter is expected to record $139.5 million in ad revenue sale this year, but it sales remain modest compared to rival Facebook.
4- Twitter not going public Twitter is not going to public soon. It may be the prime attraction for the price as the social media giant has enough time after raising hundreds of millions of dollars, before it needs to tap the market.
5- Wife’s love for social media Prince Walid’s wife Princess Ameerah Al-Taweel is an avid Twitter user with more than 84,000 followers. Calling her husband’s social networking investment “a great planned move”, she sent out a Twitter message on Monday.
