News & Supplemental  

Update on Prince Alwaleed, Muslim Brotherhood’s Tech Investor

Mur­doch and Prince Alwaleed

COMMENT: It’s been a while since we caught up with Prince Alwaleed of Saudi Arabia–a Mus­lim Broth­er­hood func­tionary who has assumed a large pro­file in the invest­ing indus­try, hi-tech in particular.

Alwaleed has added Twit­ter to the com­pa­nies in which he invests.

Span­ning the divide between West­ern cor­po­rate invest­ing and the realm of Saudi reli­gious aus­ter­ity and the Mus­lim Broth­er­hood, Alwaleed is the sec­ond largest stock­holder in News Cor­po­ra­tion behind Mur­doch himself.

Before we get to the sub­ject of Alwaleed and Twit­ter, we note that the prince has allegedly availed him­self of another type of software.

“Spain Reopens Rape Case Against Saudi Prince” by Raphael Min­der; The New York Times; 9/14/2011.

EXCERPT:The prince, Alwaleed bin Talal bin Abdu­laziz al-Saud, a nephew of King Abdul­lah of Saudi Ara­bia, is the largest indi­vid­ual stake­holder in Cit­i­group and, among his other major hold­ings, is the sec­ond largest investor in the News Corporation.

Forbes val­ued his for­tune this year at $19.4 bil­lion, mak­ing him the 26th rich­est man in the world and the sin­gle rich­est in the Arab world.

The accuser did not go pub­lic, and the orig­i­nal com­plaint appears to have remained largely unknown. The case was qui­etly closed in July 2010 for what a judge on the Mediter­ranean resort island of Ibiza called a lack of evidence. . . . .

COMMENT: Alwaleed has bought into Twit­ter at the same time as the Mus­lim Broth­er­hood has opted to increase its media pro­file.

Might Alwaleed’s acqui­si­tion of Twit­ter stock  facil­i­tate the MB’s advance into, and use of, the social media?

“Saudi Bil­lion­aire Buys $300 Mil­lion Stake in Twit­ter”; The Global Mus­lim Broth­er­hood Daily Report; 12/20/2011.

EXCERPT: Global media is report­ing that Saudi Ara­bian Prince Walid bin Talal has bought a $300 mil­lion dol­lar stake in Twit­ter, the social-media giant. Accord­ing to a New York Times report:

Prince Walid bin Talal of Saudi Ara­bia has taken a $300 mil­lion stake in the social media start-up Twitter. . . .
. . . Prince Walid bin Talal of Saudi Ara­bia has taken a $300 mil­lion stake in the social media start-up Twit­ter, adding an emerg­ing brand name to an inter­na­tional invest­ment port­fo­lio that largely includes estab­lished giants like Apple, Cit­i­group and Walt Disney.
Although the bil­lion­aire investor has long been known for tak­ing stakes in stal­warts, the Twit­ter deal focuses on the next gen­er­a­tion of blue-chip companies.
The five-year-old microblog­ging site, which now has more than 100 mil­lion active users, has quickly evolved into a ubiq­ui­tous com­mu­ni­ca­tions tool, allow­ing indi­vid­u­als and com­pa­nies to broad­cast and share infor­ma­tion in real-time.
Dur­ing the Arab Spring, rev­o­lu­tion­ar­ies embraced Twit­ter as a means to gal­va­nize sup­port and orga­nize protests.

Discussion

8 comments for “Update on Prince Alwaleed, Muslim Brotherhood’s Tech Investor”

  1. In other scary media-related news:

    Clear Chan­nel to Replace Green960, San Francisco’s Only AM Pro­gres­sive Talk Sta­tion, With Glenn Beck, Other RWers as Elec­tion Year Begins
    By Brad Fried­man on 12/5/2011 12:07pm

    The only pro­gres­sive AM radio talk sta­tion, Green960-KKGN, in one of the nation’s most lib­eral cities, San Fran­cisco, is being taken off the AM dial by radio behe­moth Clear Chan­nel Com­mu­ni­ca­tions, Inc. — a media con­glom­er­ate now owned by Mitt Romney’s Bain Cap­i­tal, LLC — at the begin­ning of the 2012 Pres­i­den­tial elec­tion year.

    Adding insult to injury for pro­gres­sives in the Bay Area, the 960 slot on the dial is being replaced by Clear Chan­nel with the likes of Glenn Beck, Fox News Radio’s John Gib­son and other rad­i­cal Rightwing talk­ers, accord­ing to a press release [PDF] issued by the media giant last week, tout­ing, in some­what Orwellian terms, their “goal of expand­ing talk radio in San Francisco.”

    “We saw the oppor­tu­nity to expand our foot­print in this cru­cial arena as we head into an elec­tion year and a pop­u­la­tion increas­ingly engaged in local, state, and national events and activism,” says Clear Channel’s San Fran­cisco Direc­tor of Oper­a­tions Don Parker in the release.

    The expan­sion will amount to mov­ing Green960’s cur­rent sched­ule of pro­gres­sive talk shows off the AM band, and on to FM’s HD2 radio ghetto where it will become a largely auto­mated “robo-station,” accord­ing to sev­eral radio insid­ers famil­iar with the sta­tion and Clear Channel’s plans for it. The sta­tion which was for­merly Green960 will have the catchy new name “FM Pro­gres­sive Talk 103.7–2″ at its new home, if lis­ten­ers can find it.

    ...

    In many of those cities, the pro­gres­sive sta­tion is usu­ally car­ried on a weaker sig­nal and broad­cast­ers and their syn­di­ca­tors have pointed out that there is often lit­tle, if any, mar­ket­ing done to pro­mote the pro­gres­sive sta­tions. Such was the case on San Francisco’s Green960 prior to last week’s announce­ment, accord­ing to a num­ber of insid­ers who spoke to The BRAD BLOG off record.

    Unfor­tu­nately, many that we’ve con­sulted with for this arti­cle either work for Clear Chan­nel or still rely on them to broad­cast their pro­grams so they chose not to speak on the record, though some did.

    Accord­ing to their web­site, Clear Chan­nel has “more than 850″ sta­tions reach­ing “more than 110 mil­lion lis­ten­ers every week.” Wikipedia says that “Clear Chan­nel is the largest owner of full-power AM, FM, and short­wave radio sta­tions and twelve radio chan­nels on XM Satel­lite Radio, and is also the largest pure-play radio sta­tion owner and operator.”

    After pas­sage of the Telecom­mu­ni­ca­tions Act of 1996, as signed by Pres­i­dent Bill Clin­ton, media goliaths like Clear Chan­nel were allowed to buy up mul­ti­ple, often com­pet­ing sta­tions in the same mar­ket and allowed leases by the FCC for mul­ti­ple fre­quen­cies on our publicly-owned air­waves in each city.

    The law was sold by leg­is­la­tors and lob­by­ists on the premise that it would increase com­pe­ti­tion in the mar­ket place. The net effect has been the exact oppo­site as pro­gres­sive sta­tions have not been allowed to com­pete for audi­ences on an hon­est and level play­ing field against Rightwing talk sta­tions owned by the very same com­pa­nies in the very same market.

    ...

    Posted by Pterrafractyl | January 3, 2012, 8:16 am
  2. The Alwaleed Effect:

    http://www.huffingtonpost.com/2012/01/26/twitter-to-censor-tweets-in-some-countries_n_1235116.html

    Twit­ter To Cen­sor Tweets In Some Coun­tries
    First Posted: 01/26/2012

    SAN FRANCISCO — Twit­ter has refined its tech­nol­ogy so it can cen­sor mes­sages on a country-by-country basis.

    The addi­tional flex­i­bil­ity announced Thurs­day is likely to raise fears that Twitter’s com­mit­ment to free speech may be weak­en­ing as the short-messaging com­pany expands into new coun­tries in an attempt to broaden its audi­ence and make more money.

    But Twit­ter sees the cen­sor­ship tool as a way to ensure indi­vid­ual mes­sages, or “tweets,” remain avail­able to as many peo­ple as pos­si­ble while it nav­i­gates a gaunt­let of dif­fer­ent laws around the world.

    Before, when Twit­ter erased a tweet it dis­ap­peared through­out the world. Now, a tweet con­tain­ing con­tent break­ing a law in one coun­try can be taken down there and still be seen elsewhere.

    Twit­ter will post a cen­sor­ship notice when­ever a tweet is removed. That’s sim­i­lar to what Inter­net search leader Google Inc. has been doing for years when a law in a coun­try where its ser­vice oper­ates requires a search result to be removed.

    Like Google, Twit­ter also plans to the share the removal requests it receives from gov­ern­ments, com­pa­nies and indi­vid­u­als at the chillingeffects.org website.

    The sim­i­lar­ity to Google’s pol­icy isn’t coin­ci­den­tal. Twitter’s gen­eral coun­sel is Alexan­der Macgillivray, who helped Google draw up its cen­sor­ship poli­cies while he was work­ing at that company.

    “One of our core val­ues as a com­pany is to defend and respect each user’s voice,” Twit­ter wrote in a blog post. “We try to keep con­tent up wher­ever and when­ever we can, and we will be trans­par­ent with users when we can’t. The tweets must con­tinue to flow.”

    Twit­ter, which is based in San Fran­cisco, is tweak­ing its approach now that its nearly 6-year-old ser­vice has estab­lished itself as one of the world’s most pow­er­ful mega­phones. Daisy chains of tweets already have played instru­men­tal roles in polit­i­cal protests through­out the world, most notably in the upris­ing that over­threw Egypt’s gov­ern­ment a year ago.

    It’s a role that Twit­ter has embraced, but the com­pany came up with the new fil­ter­ing tech­nol­ogy in recog­ni­tion that it will likely be forced to cen­sor more tweets as it pur­sues an ambi­tious agenda. Among other things, Twit­ter wants to expand its audi­ence from about 100 mil­lion active uses now, to more than 1 billion.

    Reach­ing that goal will require expand­ing into more coun­tries, which will mean Twit­ter will be more likely to have to sub­mit to laws that run counter to the free-expression pro­tec­tions guar­an­teed under the First Amend­ment in the U.S.

    If Twit­ter defies a law in a coun­try where it has employ­ees, those peo­ple could be arrested. That’s one rea­son Twit­ter is unlikely to try to enter China, where its ser­vice is cur­rently blocked. Google for sev­eral years agreed to cen­sor its search results in China to gain bet­ter access to the country’s vast pop­u­la­tion, but stopped that prac­tice two years after engag­ing in a high-profile show­down with Chain’s gov­ern­ment. Google now routes its Chi­nese search results through Hong Kong, where the cen­sor­ship rules are less restrictive.

    In its Thurs­day blog post, Twit­ter said it hadn’t yet used its abil­ity to wipe out tweets in an indi­vid­ual coun­try. All the tweets it has pre­vi­ously cen­sored were wiped out through­out the world. Most of those included links to child pornography.

    Posted by R. Wilson | January 27, 2012, 5:38 am
  3. Sharp Eyes, Mr. Wilson!

    Maybe we can call this “the Arab Sprung!”

    Posted by Dave Emory | January 27, 2012, 11:38 am
  4. I’d sure like to know what Kissinger promised Putin or threat­ened him with over Syria. I see a bil­ious Kissinger at a podium, pound­ing his shoe, shout­ing “We will tweet you!”... Get it? Remem­ber Khr­uschev?... never mind.
    The National Endow­ment for Democ­racy, USAID and ‘democ­racy’ pro­mot­ing NGOs are busy grow­ing the Russ­ian social net­works for a try at oust­ing Putin. I hope they don’t get flus­tered and call it the Red Rev­o­lu­tion — been there, done that.

    Posted by Dwight | January 27, 2012, 1:10 pm
  5. ..and what color would a Russ­ian ‘color’ rev­o­lu­tion be? White, of course.

    Posted by Dwight | January 27, 2012, 1:14 pm
  6. @Dwight: If this is hap­pen­ing then they’re try­ing to hijack yet another legit­i­mate demo­c­ra­tic reform move­ment, given that Putin is one of the pup­pets of the world crime network(yes, includ­ing the Under­ground Reich, they loved this guy! The per­fect lit­tle Krem­lin puppet.).

    Hope­fully, Rus­sia doesn’t end up turn­ing into a bonafide banana repub­lic as the Teabag­gers have tried here in America........

    Posted by Steven L. | January 28, 2012, 4:02 am
  7. @Dwight: And why is ‘democ­racy’ in quotes?

    Posted by Steven L. | January 28, 2012, 4:03 am
  8. Par­al­lel con­ver­sa­tions on Saudi tech investors on whowhatwhy.com

    http://whowhatwhy.com/2012/02/02/close-reading-the-saudis-a-twitter-investment-and-the-end-of-arab-spring/

    Posted by Keith | February 2, 2012, 5:32 pm

Post a comment