Home > General > Prince Alwaleed on investing $300 million in Twitter, and heeding Warren Buffett’s spending advice

Prince Alwaleed on investing $300 million in Twitter, and heeding Warren Buffett’s spending advice


Piers Morgan

Less than two weeks since Twitter became a publicly traded company, on Monday evening Piers Morgan welcomed billionaire Prince Alwaleed Bin Talal, the founder and CEO of the Kingdom Holding Company and a man who’s enjoyed his fair share of success investing in the international micro-blogging service.

Joining the “Piers Morgan Live” host in studio, Alwaleed discussed his strategy, noting that he waited until after the social media giant began to evolve before pouring in $300 million:

“We followed Twitter from the beginning, we liked the business model, yet we did not invest from the beginning because it was still at the venture capital level,” he said. “There’s still a lot of discussion on how it’s going to monetize its business model to make profit in the coming quarters.”

Morgan proceeded to ask Alwaleed about his lavish spending, in the process showing Alwaleed a question from American billionaire Warren…

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