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Twitter Bull: Saudi Billionaire Prince Invests $300 Million

Twitter is trending on news that Saudi billionaire Prince Alwaleed bin Talal reportedly invested $300 million in the microblogging website.

The prince, ranked 26th on Forbes’ list of the world’s richest people, has a history of investing in media and tech: His company, Kingdom Holding, owns a percentage of both Apple and Rupert Murdoch’s News Corp.

The cash infusion allows Twitter to remain autonomous, and, for now, avoid having to sell any stock through an initial public offering.