Business Insider: China wants to buy a huge chunk of Facebook, a source at a fund that buys stock from former Facebook employees tells us.
Hoping this isn't true, a red theme instead of the fbook blue would be really funny.
lol this isnt good any way that you look at it. lets hope its wrong
well this country has the money :)
Great now they can try to filler the rest of the worlds communication. Fuck the Chinese.
If so. I'm gone. Too many people have my info as it is. Google,Facebook,Amazon, PSN(all have had bouts with hackers). I feel like selling FB to China is like hackers BUYING your personal information....
If you read the article, it says that they would only be buying a small part of them which would also mean they would have no voting power with them. Excerpt from Forbes article: "First, China’s position won’t be large. A billion-dollar investment does not buy much influence in a site expected to be worth a hundred times that when it goes public. Second, Beijing will be acquiring nonvoting stock. Third, shareholders don’t get the right to look at what’s on the site. All of these arguments from Business Insider ring true." That is if it even happened. Facebook not only would have to approve since they are a private company but also given the censorship China places on thier internet it would pretty much ruin the company. But crazier things have happened, lol.
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