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This is why Saudi Arabia is trying to buy up tech and especially social media (Snap, Twitter)
by opportune 8y ago
This is why Saudi Arabia is trying to buy up tech and especially social media (Snap, Twitter)
- konschubert 8y agoI don’t think that’s why they do it. It this wouldn’t be a viable strategy. I think that they have other reasons.
- opportune 8y agoDefinitely part of it is them trying to latch on to new industries so they don’t go kaput when the oil runs out. But I do think they want seats on boards of tech companies so they can push their agendas too. Aside, I would like to see the actual justification behind how the episode constitutes cyber crime aside from “because we said so”
- baby 8y agotheir agenda seems to be to make more money.
- opportune 8y agoObviously but I’m implying they also want to censor and push their own narratives. Related to Manufacturing Consent, what they’re doing is trying to push their narrative biases in media through ownership
- smacktoward 8y agoData is the new oil.
- Waterluvian 8y agoI think the simplest explanation is likely the right one: the writing is on the wall for oil in this century. Tech is a sensible investment.
- throwaway98121 8y agoI don’t think oil is going anywhere any time soon. Even if vehicles were suddenly completely electric in 20 years and all power generation no longer required fossil fuels, we still have things like jet fuel, asphalt, and plastics that require petroleum. Not saying the saudis aren’t forward thinking about what to do when demand decreases, but so many folks do believe that oil = cars and going electric means we don’t need oil.
- cinquemb 8y agoAll of which sum to significantly less than current demand when used for ground transportation and heating/cooling. Would not be surprised if this followed the 80/20 rule.
- marcosdumay 8y agoYou start to diversify 30 or 40 years before the catastrophe. If they wait for oil to be valueless before investing in anything else, they will discover they don't have anything of value to invest anymore.
- seppin 8y agoNo I think they had piles of money and no better ideas where to stash it.
- dominotw 8y agooil is the new data
- sadris 8y agoThey're also buying up a lot of transportation infrastructure like toll roads in the US