• Snap loses daily users, beats on revenue as Saudi prince takes stake

    13 days ago - By Reuters

    Snap Inc on Tuesday reported higher-than-expected quarterly revenue but its first-ever drop in daily Snapchat users.
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  • A Saudi prince now owns $250 million worth of Snap, making him one of its biggest investors

    A Saudi prince now owns $250 million worth of Snap, making him one of its biggest investors

    13 days ago - By Business Insider

    Saudi Arabian Prince Alwaleed Bin Talal announced Tuesday he's taken a 2.3% stake in Snap - a deal worth about $250 million.
    The prince built up his stake gradually, completing it in May when Snap's stock was near its low ebb.
    The announcement came on the same day that Snap reported its second-quarter results.
    Snap, the parent company of Snapchat, now has some royal backing.
    Prince Alwaleed Bin Talal, a businessman and a member of Saudi Arabia's royal family, announced Tuesday that he's acquired 2.3% of the class A shares of the messaging app maker. The prince invested about $250 million...
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  • A Saudi prince now owns $250 million worth of Snap, making him one of its biggest investors

    A Saudi prince now owns $250 million worth of Snap, making him one of its biggest investors

    13 days ago - By Business Insider

    Saudi Arabian Prince Alwaleed Bin Talal announced Tuesday he's taken a 2.3% stake in Snap - a deal worth about $250 million.
    The prince built up his stake gradually, completing it in May when Snap's stock was near its low ebb.
    The announcement came on the same day that Snap reported its second-quarter results.
    Snap, the parent company of Snapchat, now has some royal backing.
    Prince Alwaleed Bin Talal, a businessman and a member of Saudi Arabia's royal family, announced Tuesday that he's acquired 2.3% of the class A shares of the messaging app maker. The prince invested about $250 million...
    Read more ...

     

  • Snapchat gets $250M investment from Saudi prince for 2.3%

    13 days ago - By Tech Crunch

    Snap Inc got a fresh infusion of cash from the Saudi royal family to help it survive despite losing $353 million this quarter. Prince Al-Waleed Talal tweeted a video of him and Snap CEO Evan Spiegel, noting that he's invested $250 million in exchange for a 2.3 percent stake in Snap Inc. The company declined to comment on the news.
    إستثمرت ٩٥٠ مليون ريال سعودي لاتمام صفقة شراء حصة بنسبة ٢,٣٪ في شركة سناب شات
    I invested $250 Million to acquire 2.3% stake in Snapchat company pic.twitter.com/jBIiAfqy7t
    - الوليد بن طلال August 7, 2018
    Al-Waleed Talal has previously buddied up to the U.S. tech...
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