Earned $ 600 million in Twitter
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Date : 12 Kasım   2013 Salı - 17:02, Category : BUSINESS


Earned $ 600 million in Twitter

Saudi Arabian businessman Prince Talal Bin Elvelid Twitter shares on the stock exchange to be traded last Thursday after the onset of the reported profit of nearly $ 600 million.


Prince Elvelid and Kingdom Holding has invested $ 300 million in 2011, the social media network Twitter, and he noted that for the time-value of 3 per cent. The 200 per cent increase in value, and then considering the total investments reached $ 900 million at the moment is emphasized. Billionaire media organizations such as the Prince in the 21st Century Fox and Rotana's shares.

Twitter shares started to be traded on the New York Stock Exchange 45 dollars and 50 dollars in a short time limit exceeded by popular demand. The shares closed the first day of the level of $ 44.90.

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