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Snap CEO Evan Spiegel, left, with Prince Alwaleed Bin Talal of Saudi Arabia. Prince Alwaleed announced on August 7 that he'd taken a 2.3% stake in Snap.

A Saudi prince now owns $250 million worth of Snap, making him one of its biggest investors

Saudi Prince Alwaleed Bin Talal, a businessman who already owns stakes in Twitter and Lyft, announced Tuesday he's invested $250 million in Snap.