Monday, December 19, 2011

Twitter gets $300 million funding from Saudi Prince

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, a Saudi national has added $300 million to Twitter's bank account to get 'strategic stake' in the company.

Prince Alwaleed commented: “Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact.” 
In other news, it seems that Twitter is benefiting heavily from iOS5 integration. As per the reports, there are 3.7 billion page views in October, up by 0.4 billion from September.

Do note that Twitter executives are considering raising IPO which could generate $10 billion.

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