Posted on 07/04/2011 9:00:32 AM PDT by Daffynition
On Thursday, Business Insider reported that China is trying to buy “a huge chunk” of Facebook.
According to the business news website, Beijing approached a fund that buys stock from former Facebook employees to see if it could assemble a stake large enough “to matter.” Moreover, Citibank is rumored to be trying to acquire as much as $1.2 billion of stock for two sovereign wealth funds, one from the Middle East and the other Chinese. Business Insider reports a third source, from a “very influential” Silicon Valley investment bank, confirms that Citi is representing China.
Should Beijing be allowed to buy a part of Mark Zuckerberg’s site? Business Insider tells us there is “little need” for concern about Chinese censors looking at the photos and postings of the 700 million people who trust Facebook with their personal online activity.
(Excerpt) Read more at blogs.forbes.com ...
Facebook now new and improved digital Mao’s Red Book.
Facebook is a dream for the ChiComs, or any intelligence service. Hundreds of millions of idiots voluntarily creating a huge database of personal information for the government to access. I’m sure our own corrupt Homeland Security Department monitors Facebook all day long. Just one more link in the chain that enslaves a once proud and free people.
Aw man, I’m gonna have to move my anti-China rants.
I’d trust the Chinese with my data about as much as I’d trust Zuckerberg. Which is zero.
How’s that “free trade” thing working, America?
Heck, the current owners are to the left of the chi-coms, this could be an improvement.........
If they have to say,
“Business Insider tells us there is “little need” for concern about Chinese censors looking at the photos and postings of the 700 million people who trust Facebook with their personal online activity.”
then you know it’s bad.
Business wise yes freedom to say what you want.... NO
The control freaks in Washington KNOW they could not silence free speech on Facebook without being called Nazi or Communist... So they just let China buy it to silence us... Nice huh???
Let’s hear it from all those wanting award me a tin foil hat for the security concerns I posted here regarding facebook!
>> Hundreds of millions of idiots voluntarily creating a huge database of personal information for the government to access. I’m sure our own corrupt Homeland Security <<
It amazes me how much personal information my family posts on fb. I have a super-silent fb account — My “wall” is clear: I delete all messages after seeing them and I provide no information. I know that is probably too much but it is the only way I can stay in touch with my large family.
But the stuff these people post: I could put together a ID-fake profile in 10 minutes! I try to tell them but they call me, essentially, a Luddite. I have been working in I/T since punch card days and was one of the orginal designers of Gopher sites, and they call me a Luddite? More like “aware.”
Defections. Surge for MySpace. New social sites. The genius of America is that its open and broad market eventually punishes the arrogant and the naïve by allowing choice.
First thing the Chicoms will do is to change the name from “Facebook” to “Redbook.”
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