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[liberationtech] Saudi Prince invests $300mn in Twitter

Eugen Leitl eugen at leitl.org
Mon Dec 19 13:21:51 PST 2011


On Mon, Dec 19, 2011 at 04:19:23PM -0500, Fran Parker wrote:
> Maybe not #Occupy or #OWS but what about #Manning? Someone told me  
> recently that #Manning was being blocked. Is that possible?
>
> BTW: Twitter unblocked @d_seaman and apologized. And actually came back  
> and said he actually got suspended twice and the second time was a  
> glitch bug thing that they are working on.

Can all you prolific gmail users please not top post all the time,
and trim your replies? Message unchanged below. Thanks.

>
> On 12/19/11 2:53 PM, Jillian C. York wrote:
>> I'm sorry, but I call bullshit on the targeting of #Occupy.  I haven't seen
>> one legit incident yet, and this is something that a) I'm sensitive to and
>> b) I track closely.
>>
>> The Trending Topics algorithm is, in my opinion, wonky and in need of
>> serious rethinking, but blatant censorship it is not.
>>
>> On Mon, Dec 19, 2011 at 11:50 AM, planetary<planetary at plntry.net>  wrote:
>>
>>> There are certainly fewer visible incidents one could point to with
>>> Twitter, but are they really more virtuous, or better at concealing
>>> suppressive behavior?
>>>
>>> There is considerable sentiment within the #Occupy* movement that Twitter
>>> has targeted its users, with increasing reports of incidents on
>>> hair-trigger account bans and the ongoing concern about the trending topics
>>> representation.   Considering the difficulty of substantiating any bias
>>> there, one tends to wonder, how much of that difficulty really provides
>>> cover for a cleaner public image for Twitter?
>>>
>>> These are potentially explicable as functions of complex policies and
>>> algorithms, but if it has the same effect of suppressing visibility of
>>> certain grassroots movements, how intentional does it have to be?
>>>
>>> Would love to get some real comparative data on this. A project we're
>>> contributing to for #Occupy might just help...
>>>
>>> On Dec 19, 11, at 11:43 AM, Jillian C. York wrote:
>>>
>>> Well, because Facebook has a fairly poor track record on privacy and free
>>> expression.  They've earned the scrutiny.  Thus far, Twitter has not.
>>>
>>> On Mon, Dec 19, 2011 at 11:38 AM, Luke Allnutt<AllnuttL at rferl.org>  wrote:
>>>
>>>> Bet there would be a lot more outrage if it was Facebook though. :)
>>>>
>>>>
>>>>
>>>> On 19 Dec 2011, at 20:34, "Jillian C. York"<jilliancyork at gmail.com>
>>>> wrote:
>>>>
>>>>   Oh also?  This is--on the surface--just as alarming and I don't
>>>> remember half the fuss:
>>>> http://venturebeat.com/2011/08/01/twitter-dst-confirm/
>>>>
>>>> On Mon, Dec 19, 2011 at 11:32 AM, Jillian C. York<jilliancyork at gmail.com
>>>>> wrote:
>>>>
>>>>> Ha, you think that's bad, you should see how many calls I've gotten
>>>>> asking what effect Kim Jong-Il's death with have on the North Korean
>>>>> Internet!
>>>>>
>>>>>
>>>>> On Mon, Dec 19, 2011 at 11:30 AM, Brian Conley<brianc at smallworldnews.tv
>>>>>> wrote:
>>>>>
>>>>>> I agree with Jillian. Slow news day on the markets?
>>>>>>
>>>>>>
>>>>>> On Mon, Dec 19, 2011 at 11:21 AM, Jillian C. York<
>>>>>> jilliancyork at gmail.com>  wrote:
>>>>>>
>>>>>>> Honestly?  I trust that this will have less than zero effect on
>>>>>>> Twitter's policy.  Twitter has stood up to a whole lot of other powerful
>>>>>>> players, including the US and UK governments.  Saudi's powerful, but we're
>>>>>>> talking about a share of under 5%. Try as they might, Kingdom Holding will
>>>>>>> likely have minimal effect.
>>>>>>>
>>>>>>> Is it icky?  For sure, but so are a lot of deals.
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> On Mon, Dec 19, 2011 at 3:26 AM, Daniel Isaiah Ong<
>>>>>>> danielo at cs.stanford.edu>  wrote:
>>>>>>>
>>>>>>>> Thoughts?
>>>>>>>>
>>>>>>>>
>>>>>>>> http://dealbook.nytimes.com/2011/12/19/saudi-prince-invests-300-million-in-twitter/?hp
>>>>>>>>
>>>>>>>> Saudi Prince Invests $300 Million in TwitterBY MARK SCOTT<http://dealbook.nytimes.com/author/mark-scott/>
>>>>>>>>
>>>>>>>> LONDON — The Saudi Prince Walid bin Talal and his investment company,
>>>>>>>> Kingdom Holding, said Monday they had bought a “strategic stake� in the
>>>>>>>> social media site Twitter for $300 million.
>>>>>>>>
>>>>>>>> The investment represents roughly 3 percent stake of the company,
>>>>>>>> based in San Francisco, which was valued at $8 billion in August.
>>>>>>>>
>>>>>>>> In a statement, Prince Walid, who owns 95 percent of Kingdom Holding,
>>>>>>>> said the purchase was part of a strategy “to invest in promising,
>>>>>>>> high-growth businesses with a global impact.�
>>>>>>>>    Article Tools
>>>>>>>>
>>>>>>>>     -  E-mail<http://dealbook.nytimes.com/2011/12/19/saudi-prince-invests-300-million-in-twitter/?hp>
>>>>>>>>     - Print<http://dealbook.nytimes.com/2011/12/19/saudi-prince-invests-300-million-in-twitter/?pagemode=print>
>>>>>>>>     - Recommend
>>>>>>>>     - Share
>>>>>>>>        - TUMBLR
>>>>>>>>        - DIGG
>>>>>>>>        - LINKEDIN
>>>>>>>>        - REDDIT
>>>>>>>>        - PERMALINK
>>>>>>>>        -
>>>>>>>>     - Twitter
>>>>>>>>
>>>>>>>> Despite ongoing volatility in the financial markets, investors have
>>>>>>>> shown continued interest in Internet companies. Last week, the social
>>>>>>>> network gaming company Zynga raised $1 billion in an initial public
>>>>>>>> offering, while Groupon, the daily deals site, raised $700 million from the
>>>>>>>> markets in early November.
>>>>>>>>
>>>>>>>> Kingdom Holding stock was up about 6 percent in midday trading in
>>>>>>>> Riyadh.
>>>>>>>>
>>>>>>>> Prince Walid, who also own stakes in U.S. blue chip companies such as
>>>>>>>> Citigroup, General Motors and Apple, is the nephew of Saudi Arabia’s King
>>>>>>>> Abdullah. He also is one the of the Arab world’s richest men, with assets
>>>>>>>> worth an estimated $21 billion, according to Arabian Business magazine.
>>>>>>>>
>>>>>>>> The investment in Twitter comes after the company’s co-founder Biz
>>>>>>>> Stone announced in June that he would be stepping back from the
>>>>>>>> fast-growing social media. Twitter’s other co-founder, Evan Williams, was
>>>>>>>> replaced by the current chief executive Dick Costolo last year.
>>>>>>>>
>>>>>>>> Despite the management shake-up, Twitter has continued to gain
>>>>>>>> traction, particularly in the Arab world, where it was credited with
>>>>>>>> playing a role in the recent popular uprisings across North Africa and the
>>>>>>>> Gulf.
>>>>>>>>
>>>>>>>> Arabic is now the fastest growing language used on Twitter, according
>>>>>>>> to the data intelligence company Semiocast.
>>>>>>>>
>>>>>>>> The volume of Arabic messages, for example, has multiplied by 2,146
>>>>>>>> percent in the 12 months ending in October, according to figures from
>>>>>>>> Semiocast. That makes Arabic the eighth most used language on the site.
>>>>>>>>
>>>>>>>> “We believe that social media will fundamentally change the media
>>>>>>>> industry landscape in the coming years. Twitter will capture and monetize
>>>>>>>> this positive trend,� Ahmed Reda Halawani, Kingdom Holding’s executive
>>>>>>>> director of private equity and international investments, said in a
>>>>>>>> statement.
>>>>>>>>
>>>>>>>> The website currently has over 100 million active users, and raised
>>>>>>>> approximately $400 million of new capital last summer. That investment was
>>>>>>>> led by DST Global, the investment firm headed by the Russian billionaire
>>>>>>>> Yuri Milner.
>>>>>>>>
>>>>>>>> _______________________________________________
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>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> --
>>>>>>> jilliancyork.com | @jilliancyork | tel: +1-857-891-4244 | google
>>>>>>> voice: +1-415-562-JILL
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> _______________________________________________
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>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>>
>>>>>> Brian Conley
>>>>>> Director, Small World News
>>>>>> http://smallworldnews.tv
>>>>>> m: 646.285.2046
>>>>>> Skype: brianjoelconley
>>>>>>
>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> jilliancyork.com | @jilliancyork | tel: +1-857-891-4244 | google voice:
>>>>> +1-415-562-JILL
>>>>>
>>>>>
>>>>>
>>>>>
>>>>
>>>>
>>>> --
>>>> jilliancyork.com | @jilliancyork | tel: +1-857-891-4244 | google voice:
>>>> +1-415-562-JILL
>>>>
>>>>
>>>>
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>>>>
>>>
>>>
>>> --
>>> jilliancyork.com | @jilliancyork | tel: +1-857-891-4244 | google voice:
>>> +1-415-562-JILL
>>>
>>>
>>>
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>>
>>
>>
>>
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> _______________________________________________
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-- 
Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
______________________________________________________________
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