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King Abdullah of Kingdom of Saudia Arabia has decided to buy Facebook, and he’s already willing to spend a whopping $150b to buy Facebook. Why would he do that? Well, in an effort to thwart — or maybe attempt to end — the middle eastern revolts.But, that’s not the truth. Would you believe it? The piece of statement claiming King Abdullah buying Facebook is a faux and entirely bogus, but ironically the ‘bogus’ report was taken too seriously, and published on a number of websites, including certain newspapers.
The story originated from DawnWires, which published an article “Saudi King To Buy Facebook To End The Revolt..” recently and it was immediately picked up by a number of blogs and online newspapers.
The article mentioned that King Abdullah proposed a $150b deal to buy Facebook and was being advised by Goldman Sachs who has earlier invested $50m in Facebook. It also explains further by quoting that Goldman explained the King the benefits of buying Facebook and how it could be used to “cement” the King’s position “forever” and thwart the middle-eastern revolt.
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