- Endorsing co-founder Jack Dorsey's appointment as chief executive, Saudi billionaire investor Prince Alwaleed bin Talal and his investment company Kingdom Holding have raised their stake in Twitter (NYSE:TWTR) to 5% - making them the second largest investors in the social media company.
- Alwaleed now holds 30.1M shares and Kingdom 4.85M, including stock purchased prior to Twitter's initial public offering in November 2013. The combined stake has a market value of about $1B.
- TWTR +0.3% premarket