It will come as more than a surprise - shock! more likely! - to learn that off all people a member of the Saudi Royal family now owns Twitter. A dangerous omen? FPreports:
"When most people want to become involved in Twitter, they open an account. Leave it to Prince AlWaleed bin Talal, the Saudi media mogul who is King Abdullah's nephew, to buy a chunk of the microblogging site. The prince's company announced on Dec. 19 that it was investing $300 million in Twitter, officially bringing the site into the mainstream of the Saudi media scene.
Rightly or wrongly, social media is perceived as a revolutionary tool in Saudi Arabia -- one of the many factors that contributed to the Arab Spring. The association was so strong that a few days following the Egyptian uprising that brought down Hosni Mubarak, a Saudi official had to deny a rumor that the Saudi king had offered Facebook founder Mark Zuckerberg $150 billion to buy his social networking site -- a bargain, the thinking went, if it helped him ward off further revolutions. And indeed, sites like Twitter and Facebook are rapidly growing in the kingdom, precisely because they allow voices that otherwise would not have been able to find an outlet to flourish."
Only a gigantic bureaucracy could get away with spending of such dimensions - and the amazing waste involved in part of that ginormous spend. Think US Pentagon..... "From spending $150 million on private villas for a handful of personnel in Afghanistan to blowing $2.7 billion on an air surveillance balloon that doesn’t work, the latest revelations of waste at the Pentagon are just the most recent howlers in a long line of similar stories stretching back at least five decades. Other hot-off-the-presses examples would include the Army’s purchase of helicopter gears worth $500 each for $8,000 each and the accumulation of billions of dollars' worth of weapons components that will never be used. And then there’s the one that would have to be everyone’s favorite Pentagon waste story: the spending of $50,000 to investigate the bomb-detecting capabilities of African elephants. (And here’s a shock: they didn’t turn out to be that great!) The elephant research, of course, represe...
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