DUBAI (Reuters) – Saudi Arabia's Kingdom Holding has paid $50 million to double its stake in microblogging site Twitter Inc, the Riyadh-based company said on Wednesday. Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, now owns 0.72 percent of Twitter, having originally invested $50 million in the tech company in 2011
Read moreIn its latest push to broaden its allure among millennials, Goldman Sachs Group Inc rolled out a series of quick-hit recruiting ads on Snapchat on Friday, becoming the first major Wall Street bank to turn to the instant-but-fleeting messaging app for potential hires. Goldman's 10-second recruitment clips appear between user-generated content segments. In the videos, Goldman says it is seeking a “Campus Environmental Leader,” “Youth Sports Coach” or “Crowd Funding Champion,” and provides a link to gs.com/campus.
Read moreBy Andrea Shalal NATIONAL HARBOR, Md.
Read more(Reuters) – Charter Communications Inc formally argued for regulatory approval for its Time Warner Cable Inc and Bright House Networks deals, saying consumers would benefit as Internet services would become cheaper and faster.
Read moreBy Paul Carsten and Engen Tham BEIJING/SHANGHAI (Reuters) – China's No. 2 e-commerce firm JD.com Inc is launching a Chinese consumer credit data system as a joint venture with U.S.
Read moreLouisiana Governor and U.S. presidential candidate Bobby Jindal caused a Twitter storm of jokes and insults in India on Thursday after he said he dislikes being called an Indian-American. Republican Jindal is the first person of Indian origin to join the U.S
Read moreBEIJING/SHANGHAI (Reuters) – Wanda Group's Wang Jianlin and an investment firm founded by Alibaba Group Holding Ltd's Jack Ma took part in a 800 million yuan ($129 million) funding round for a little-known sports entertainment company backed by local tech firm LeTV. The funding, conducted in two parts, valued LeTV Sports at about 2.8 billion yuan ($451.37 million), Leshi Internet Information & Technology Corp Beijing (LeTV) said in a statement on Wednesday.
Read moreBy Paul Carsten BEIJING (Reuters) – Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted higher-than-expected first quarter revenue as a drive to sell more advertising on its social networks and entertainment services began to pay off. Tencent's social networks are as ubiquitous in China as Facebook Inc is in many parts of the world, and the company has said it wants to emulate the success of its U.S
Read more(Reuters) – Facebook Inc tied up with nine news publishers to launch “Instant Articles” that will let them publish articles directly to the social network's mobile news feeds. Instant Articles will let stories load more than 10 times faster than standard mobile web articles and will include content from publishers such as the New York Times, BuzzFeed and National Geographic, Facebook said in a blog post on its website
Read moreBy Saqib Iqbal Ahmed NEW YORK (Reuters) – Twitter Inc shares are poised for a big move after it reports quarterly results on Thursday, according to options-market data, with user growth at the social media service possibly holding the key to whether shares rise or fall, analysts said. On Wednesday, the cost of a Twitter straddle, in which an investor buys an at-the-money put option and a similar call option, suggests a move of about 12 percent in either direction by Friday.
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