China Wants to Acquire $1.2 Billion Stake in Facebook, Should You Be Concerned?

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thetechchild

This would give China a lot of information, and thus, power. Let's not kid ourselves in thinking that $1.2 billion in shares won't get them that. Even in a $100B+ IPO, that's about 1% of public shares, and while that may not seem like much, it's definitely enough (even nonvoting) for some info gathering.

Moreover, regardless of your opinion on Facebook, you have to admit that it's got a huge following, and lots of very revealing activity and personal information.

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UndeniablyPC

The primary goal of this kind of financial investment from China would be larger access to the metadata.  Since the metadata that exists in this environment is grossly powerful, it would give China the ability to access information that would have required them to invest significant resources in, more so than this paltry $1.2 billion.  This would grant them access to satistical figures on what Americans and the rest of the world is consuming, as well as political aspirations and global feel towards Chinese objectives.  I imagine that there are already Chinese investments caught up in Facebook, but this would give them considerable mobility in their political and financial objectives.

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Deinsleaf

Meh. Google+ is gonna be the new fad anyway. So go ahead China.

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praetor_alpha

*yawn* social networking is sooooo 2006.

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cj100570

Facebook is already a Communist dictatorship so it only stands to reason that they should go into business with a Communist state.

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ShyLinuxGuy

hehe, It is...read the ToS where it states that users must post content continuously or it's a violation and their account can be suspended.

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Eoraptor

facebook has got to be the most widely traded "private" company in the world... and everyone looks the other way so long as they get their palms greased, regulatory-wise

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Holly Golightly

This is great news for FaceBook. With a powerful Chinese influence, I say, FaceBook should sell itself completely to China. This will help benefit FaceBook as a social network and the people of China. Together, it can really work. I hate FaceBook with a passion, but perhaps with China changing the rules, perhaps I may reconsider my thoughts on FaceBook. Think about it... A social networking site for the people!

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Nimrod

get the fuck out of here you retarded troll bitch.

 

"for the people"

dip shit

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Holly Golightly

Oh... If it is not our favorite dimwit... Dimrod! Ha ha ha!!!!!!!!!!!!!!!!!!!!!!! 

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hammeredtoast

I suspect you're trying to make a joke about socialism and social networking.

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cj100570

Trying is the operative word....

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DDRDiesel

"a billion dollar investment wouldn't buy China much influence in a social networking site expected to fetch $100 billion or more when it goes public."

 

Wait...  You're telling me Facebook isn't public?  ALL THESE THINGS I THOUGHT I KNEW ARE NOW LIES?!

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szore

Fuck China.

 

There, I said it.

 

REMEMBER TIANANMEN!

http://en.wikipedia.org/wiki/Tiananmen_Square_protests_of_1989

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Holly Golightly

Man... You are sensitive... What the hell is wrong with you and rising hegemonic powers? Just because a socialist country wants to get into the social networking business does not mean you should curse it to hell. It is YOUR capitalist friends who got greedy and outsourced the good jobs to Communists China... And now that China is rich, it wants dibs on the biggest social networking service of them all. Nothing wrong with China. The Tea Party is taking America to a backwards direction while China continues to move forward. Before you curse out other countries... Look at your own country... And see if there is no negative history there.

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jason27131

so a few hundred years ago USA supported black slavery and the ku klux klan. That's cruel and inhuman too.

 

Fuck America?

 

Stop being a hypocrite.

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Antherz

Your point?...we all know it was too soon for people to protest against government in china when that occurred. if it happens now. it may have turned out differently. and if you dislike china so much.. throw out everything you own that's made in china cause your supporting thier ecomony...dumbass. you gotta think before you stay stupid stuff.

I know your gonna reply back to defend yourself but i want to make it clear that i'm not denying what happened there was horrible. but the past is the past. nothing we can do about it now.

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