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 ...
Beijing approached a fund that buys stock from former Facebook employees to see if it could assemble a stake... 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... a third source... confirms that Citi is representing China.
"It's a big club, and you ain't in it. You and I are not in the big club"
Yikes, they’ve found me out! Where’s that roll of emergency tin foil!
Wow, just wow.
The idiots include the department of defense, the Navy, Marines, Coast Guard and Air Force. They have been instructed by our corrupt government to use Facebook to communicate with their troops and civilians.
People who use facebook laugh and say, I’m not doing anything wrong I don’t care if facebook steals my privacy— well, if the chinese communists can own facebook then suddenly not being a communist can be a huge problem for you. They’ll know exactly how to get to you.
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