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Saudi Prince Buys $300 Million Facebook Stake

judgecorp (778838) writes | more than 2 years ago

Facebook 0

judgecorp writes "Prince Alwaleed bin Talal of Saudi Arabia has acquired a $300 million (£193m) stake in micro-blogging site Twitter. It's interesting given the tricky position of social media in Saudi Arabia. In November last year, the Kingdom blocked access to Facebook for one weekend, and has also been embroiled in a struggle with BlackBerry manufacturer RIM, over the Saudi government's desire to monitor messages sent using Blackberry Messenger."
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