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Snapchat received the royal treatment over the weekend.
Top execs from Snapchat, including CEO Evan Spiegel and Chief Strategy Officer Imran Khan, met with Saudi Arabia's Prince Alwaleed bin Talal amid funding rumors for the fast-growing startup, according to an official release from Prince Alwaleed's investment company on Sunday.
Through his company, Kingdom Holding Company, Prince Alwaleed has made multiple investments in the technology sector, including purchasing a $300 million stake in Twitter in 2011. According to the release, he talked with Spiegel about business and economic issues as well as "potential business cooperation." Read more...
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