1. Tech

    Saudi Prince Buys Twitter Stake

    AMMAN, JORDAN - FEBRUARY 24: Saudi Prince Alwaleed bin Talal (C) attends an opening at The Open Arab University on February 24, 2010 in Amman, Jordan. (Photo by Salah Malkawi/Getty Images) *** Local Caption *** Prince Alwaleed bin Talal

    Salah Malkawi / Getty Images

    Having helped spread dissent across the Middle East, Twitter now has the backing of one of the region’s richest men. Saudi Arabia’s Prince Alwaleed bin Talal and his investment firm have invested $300 million in the microblogging website. That amounts to a 3.75 percent stake, using the $8 billion valuation frequently cited by analysts. Alwaleed is said to be worth $20 billion and also owns large stakes in News Corp. and CitiGroup.

    Read it at Reuters