A Saudi prince and billionnaire, Alwaleed bin Talal, bought a $300m stake in Twitter. Twitter's been a useful service for protestors in the Middle East, which saw several dictatorial governments fall in quick succession over the last year.
This has led people to immediately suspect foul play; has the regime bought a chunk of Twitter to help prevent a Riyadh Spring?
A few thoughts:
• The Saudis don't need to own Twitter to block it. The county established one of the world's most draconian internet censorship regimes and can impose silence as it pleases. All international Internet traffic is routed through a single proxy farm and the government regularly blocks major western sites and services.
• The stake isn't likely to give Alwaleed significant influence over Twitter's operations. Though it's not clear how much of Twitter he owns, the stake is surely less than 5 percent, based on recent valuations. Machinations would soon be leaked to reporters. Blocks would be obvious as soon as they were implemented. In any case, Twitter (and with it the value of Alwaleed's stake) could be ruined if it is seen to be controlled by foreign tyrants.
• Alwaleed is a businessman first. His holdings are diverse and he is not reliant upon oil or other local interests for his wealth. He also invests heavily in high-tech, making Twitter an obvious addition to existing buys in companies such as Apple.
In 2015, Mark Zuckerberg (who insists that privacy is dead) bought 100 acres of land around his vacation home in Hawaii to ensure that no one could get close enough to spy on him.
In July 2012, professional poker-player Phil Ivey won $4.8M from the baccarat tables at Atlantic City’s Borgata Hotel Casino & Spa in 17 hours; on other occasions, he took a total of $9M out of the Borgata: he did it by asking the house to deal Gemaco Borgata cards, whose backs contained minute asymmetries in […]
The five Volkswagen executives who were criminally charged in the USA for their role in the Dieselgate scandal have been advised not to travel to the USA because they are liable to arrest there: they’ve also been told that leaving Germany is risky because they might be arrested and extradited to the USA.
Using my iPhone while it’s charging is always a hassle. With tucked-away outlets and the meager length of included lightning cables, comfortable scrolling while plugged in is annoying. These 10-Ft MFi-Certified Lightning Cables are super convenient and probably the best iPhone accessory purchase I’ve made.At over three times the length of normal cables, these reach anywhere you […]
With countless applications for modern life, artificial intelligence (AI) is one of the most in-demand fields of study in tech. Beyond modelling human decision making processes and learning abilities, AI can be used to analyze massive volumes of data and create complex interactive systems.This Machine Learning & AI for Business Bundle made mastering these concepts possible for […]
Computer hacking isn’t just something happening to the DNC. Major software companies need white-hat hackers to ensure the security of their products and users, and I came across a Computer Hacker Professional Certification Package that conveniently teaches those advanced IT techniques online.This course package will prepare you for various computer security certification exams with over 60 hours […]