The $300 million secondary investment Twitter confirmed Monday morning comes from a key figure in a region where Twitter is experiencing some of its fastest growth.
Never mind that Prince Alwaleed bin Talal, the Saudi investor whose Kingdom Holding investment firm has stakes in Apple, Citigroup, and now, 3% ownership of Twitter, isn’t a big user of the service himself (Prince Alwaleed follows just 25 users with his account – including Fox News and Barack Obama – and he hasn’t tweeted since Oct. 6 when he sent out RIP condolences to Steve Jobs).
Arabic is the fastest growing language used on Twitter and the company has gotten credit for playing a role in the Arab Spring uprisings in Northern Africa and the Middle East earlier this year, and that makes Prince Alwaleed’s investment significant.
Article source: RRW http://feedproxy.google.com/~r/readwriteweb/~3/zYD18FwVopc/you_dont_have_to_use_twitter_to_own_part_of_twitte.php