Evan Spiegel (left), CEO of Snap, with Prince Alwaleed Bin Talal of Saudi Arabia, who has taken a 2.3 per cent stake in the parent company of the multimedia messaging app maker, Snapchat. Photo: Prince Alwaleed Bin Talal

Saudi prince invests US$250 million in parent company of messaging app Snapchat

Prince Alwaleed Bin Talal, a member of Saudi Arabia’s royal family – who also has stakes in Lyft and Twitter – now owns 2.3 per cent of Snap’s class A shares

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Evan Spiegel (left), CEO of Snap, with Prince Alwaleed Bin Talal of Saudi Arabia, who has taken a 2.3 per cent stake in the parent company of the multimedia messaging app maker, Snapchat. Photo: Prince Alwaleed Bin Talal
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