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Billionaire Alwaleed Says Twitter Should Make Money Post IPO

Prince Alwaleed bin Talal, the Saudi billionaire who invested $300 million in Twitter Inc. two years ago, said the company needs to focus on making money after raising $1.82 billion in an initial public offering.

“The question right now is how to look at the monetization process,” Alwaleed said in an interview on the “Charlie Rose” show on Bloomberg Television. “Twitter is at the beginning of its journey. It has a lot of money in the bank right now, but its penetration in the U.S. and the world is still minimal, so there’s still a lot of potential to grow.”