Saudi Arabian Prince Al Waleed Bin Talal Favored Twitter Over Facebook In Terms Of Growth Prospects

Facebook’s initial public offering did not get royal approval from Saudi Arabian Prince Al Waleed bin Talal, founder and chairman of Kingdom Holding, as The Telegraph reported that the prince told Arabian Business magazine he was more confident in Twitter in terms of growth.

Facebook’s initial public offering did not get royal approval from Saudi Arabian Prince Al Waleed bin Talal, founder and chairman of Kingdom Holding, as The Telegraph reported that the prince told Arabian Business magazine he was more confident in Twitter in terms of growth.

According to The Telegraph, Prince Al Waleed bin Talal told Arabian Business:

We did monitor the company very well, but we felt uncomfortable with the pricing. (Facebook) was priced at an extremely high side at $38.

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