Prince Alwaleed Invests $300M in Twitter

Mourad Haroutunian and Jonathan Browning report: >[…]Halawani said in a telephone interview, adding that Alwaleed and Kingdom Holding bought the shares from founding shareholders. “I expect Twitter does not need further funding before going public.” and >In a separate interview with Al Arabiya, Halawani said Twitter will probably hold an IPO in two years. So…

Mourad Haroutunian and Jonathan Browning report:

>[…]Halawani said in a telephone interview, adding that Alwaleed and Kingdom Holding bought the shares from founding shareholders. “I expect Twitter does not need further funding before going public.”

and

>In a separate interview with Al Arabiya, Halawani said Twitter will probably hold an IPO in two years.

So we can then safely assume that Twitter loses about $150 million a year… right?

Note: This site makes use of affiliate links where and when possible. These links may earn this site money when utilized. 

BECOME A MEMBER

Join Today, for Exclusive Access.


Posted

in

by