Prince Alwaleed bin Talal, the Saudi Arabian businessman and investor, has acquired a $300 million “strategic stake” in Twitter, following several months of negotiations.
Alwaleed, the founder and CEO of Kingdom Holdings, has a net worth of US$19.6 billion, already holds stakes in Apple, Citigroup, News Corp and General Motors, and is considered a “savvy investor” by his peers.
Discover how to turn Twitter followers into your best customers at AllTwitter Marketing Conference, June 4 in San Francisco. John Yembrick, Social Media Manager of NASA, will show you how to attract, engage, and convert on Twitter. Save $50 off on-site prices and register today.
The benefits of social media are well-documented, but there are costs involved – financially, plus time and effort – that aren’t immediately apparent. As anyone can set up accounts on Twitter and Facebook (easily, and for free), the size of the necessary investment, particularly over the longer term, can be deceptive. With staff costs, advertising and other fees, it quickly adds up.
This infographic from Focus takes a look at the real cost of social media, and asks: is it outweighed by the benefits?
Twitter has completed its latest round of funding – $200 million, which values the company at an impressive $3.7 billion.
They’ve also expanded their board, adding former Doubleclick head David Rosenblatt and Flipboard’s Mike McCue.
This new round of capital brings Twitter’s total funding to $360 million since the company was founded in 2006.
Read the full report at All Things D.
Tap into our vast network of talented social media pros.
Post a risk-free job listing
Shea Bennett
Co-editor
Mary Long
Co-editor
Allison Stadd
Contributor
Lauren Dugan
Contributor
Nadine Cheung
Editor, The Job Post
AllTwitter Twitter feed loading...