Prince Alwaleed bin Talal, the Saudi prince whose fortune is an estimated $19 billion, has invested $300 million—or 1.5% of his wealth—in the social networking service Twitter. He made the investment through his Kingdom Holding Company and Bloomberg News reports that Kingdom called it a "strategic stake": "A strategic holding means more than 3 percent, Ahmed Halawani, a Kingdom Holding director, said in an interview. That would give the San Francisco-based company a valuation exceeding $10 billion." more ›

The satirical newspaper The Onion is facing Twitter criticism today after tweeting a story about congress taking a group of schoolchildren hostage. Earlier today, the Onion initially tweeted, "BREAKING: Witnesses reporting screams and gunfire heard inside Capitol building." And then the online screaming (and laughing) began: [Update Below] more ›

We love the NY Post for their priceless headlines as well as the fact that they let comedians write their news columns. But then they send out things like the above tweet, and it really makes us question our devotion to grabbing a free tattered copy of the rag from the garbage every day. more ›

Tweet and ye shall (sometimes) receive: a hungry man who jokingly Tweeted Morton's Steakhouse asking for a porterhouse when he arrived in Newark Airport was shocked when he was greeted by just that when he landed. And Peter Shankman, a social media entrepreneur, swears on his "entire professional reputation and all I hold dear to me that the story below was in no way staged, planned in advance, or in any way faked." more ›

This morning, the Fox News Twitter account, Fox News Politics, was hacked with messages that President Obama was killed: "@BarackObama has just passed. The President is dead. A sad 4th of July, indeed. President Barack Obama is dead," and that he was "shot twice in the lower pelvic area and in the neck; shooter unknown. Bled out." more ›

Lil Wayne will cap off his first days of freedom from Rikers, after serving an eight month sentence for a gun possession charge, with an "elegant, extravagant" evening of celebration and strippers to welcome him home. It was a semi-calm first day for Wayne yesterday, but it will soon be a very busy week for the rap superstar, with cross-country trips and parties galore. Thankfully for us, his official fan club, MTV, is there to report on his every move, from his first glass of post-prison champagne to his first post-prison dump. more ›

NYC Transit is having fun with Twitter, and today started a new, interactive feature, "What Up Wednesdays." They're soliciting "Questions about the subway system? We're here to answer up to 5/day. Play nice, please." So what is up today? "The longest subway line w/o changing trains is the A - 31 miles from 207th St in Manhattan to Far Rockaway in Qns." Also, "The numbers pop up on some turnstiles after recent maintenance. The # has to do with maintenance codes, not your MetroCard." That's cool, but can they tell us when we'll finally be able to transfer to the uptown 6 train at Broadway-Lafayette without going above ground? So annoying. more ›

Trinity Church is making the most of Twitter: The Wall Street parish is Tweeting the Passion Play today—Twitter.com/twspassionplay's bio reads, "Twittering the story of Christ's final hours from 12 pm to 3 pm on Good Friday 2009." And there are already 582 followers! According to the AP, Trinity is "offering a Web version of the Stations of the Cross," but there's also an actual Stations of the Cross procession starting at 3 p.m. In other religion and tech news, we may need to wait next year for a Twitter Haggadah, but the Facebook Haggadah is pretty good. more ›

We cannot the verdict.) While the appeal is up in the air, we applaud Johnathan's interest in his civic duty, "trying to learn about jury duty for tomorrow, but all searches lead me to suggestions for getting out of it, instead of rocking it." more ›