Reuters: Saudi Arabia’s Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter said. Senior management at Snapchat, the social media platform that allows more than 100 million users to send messages that disappear after a few seconds, held talks with Alwaleed on March 8. The meeting triggered speculation that Alwaleed may take part in Snapchat’s new funding round that has already seen Alibaba invest $200 million. Kingdom decided not to invest in the app, the source said.