Twitter's Second Largest Investor Arrested On Corruption Charges

This is going to send shock waves through Twitter, who is still struggling to realize any profit. Prince Alwaleed Bin Talal has been arrested on corruption charges in Saudi Arabia. Talal is one of the richest men in the World, and most certainly a globalist bent on world domination. The Muslim religion forbids usery, but Talal who is connected to the crypto Jewish Sauds, has no problem investing in CitiBank. And control of social media is important too.

Twitter

KHC investments begin:2011
Established: 2006
Based: San Francisco, California, USA

Kingdom Holding Company (in conjunction with HRH Prince Alwaleed) holds a substantial investment position in Twitter, the social networking service. Following an initial purchase of shares in 2011, KHC (and HRH) increased their ownership in October, 2015. The combined investment currently ranks them as Twitter’s second largest shareholder.

http://www.kingdom.com.sa/investments/private-equity/twitter

What’s happening in Saudi Arabia should not be ignored. 

The sweeping campaign of arrests appears to be the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman.

At 32, the crown prince is already the dominant voice in Saudi military, foreign, economic and social policies, stirring murmurs of discontent in the royal family that he has amassed too much personal power, and at a remarkably young age.

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The king had decreed the creation of a powerful new anti-corruption committee, headed by the crown prince, only hours before the committee ordered the arrests.

Al Arabiya said that the anticorruption committee has the right to investigate, arrest, ban from travel, or freeze the assets of anyone it deems corrupt.

The Ritz Carlton hotel in Riyadh, the de facto royal hotel, was evacuated on Saturday, stirring rumors that it would be used to house detained royals. The airport for private planes was closed, arousing speculation that the crown prince was seeking to block rich businessmen from fleeing before more arrests.

Prince Alwaleed was giving interviews to the Western news media as recently as late last month about subjects like so-called crypto currencies and Saudi Arabia’s plans for a public offering of shares in its state oil company, Aramco.

He has also recently sparred publicly with President Donald J. Trump. The prince was part of a group of investors who bought control of the Plaza Hotel in New York from Mr. Trump, and he also bought an expensive yacht from him as well. But in a twitter message in 2015 the prince called Mr. Trump “a disgrace not only to the GOP but to all America.”

https://www.nytimes.com/2017/11/04/world/middleeast/saudi-arabia-waleed-bin-talal.html?action=click&contentCollection=Business%20Day&module=RelatedCoverage&region=Marginalia&pgtype=article

My opinion, this is the new man in charge in SA taking down a Twitter investor for shutting down President Trumps twitter feed, which ironically had just tweeted that he hoped SA would offer the Aramco public offering in the US…big business deal there.