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Update II: This story isn’t that old after all.  It appeared in today’s NY Daily Post and was picked up by World Net Daily which linked to the NY Post’s article.

Also, this from a reader who left this comment:

Social Media is my business and those who control it will have access to Americans like never before. Its a tool that can be manipulated to gather detailed information on the users including, location, details on meetings, personal information, affiliates, likes, dislikes, family and friend networks, and the list goes on and on. If you ever thought “data mining” was bad, this takes it to a whole new level!

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Update:  Color me late to the party.  I am reminded by a friend that this took place in 2008. Does that make this any less troublesome?

This can’t be good.  No, wait.  This is NOT good.

Twitter Lands HUGE Investment

Alwaleed Bin Talal
Khalid Al Mansour, and Alwaleed Bin Talal, paid for Obama to go to Harvard.

From Huffpo:

DUBAI, United Arab Emirates — Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into Twitter, giving the microblogging site a cash boost as it looks to entice more users and paying advertisers.

The joint investment with Alwaleed’s Kingdom Holding Co. follows months of negotiations and represents a “strategic stake” in Twitter, according to the Riyadh, Saudi Arabia-based investment firm. It wasn’t clear how much of Twitter the prince will control.

Alwaleed, a nephew of the Saudi king, ranks 26th on Forbes’ list of the world’s richest people. He has a history of investing in media and technology companies, and said the deal represents an interest “in promising, high-growth businesses with a global impact.”