Saudi Arabia’s minister for media and culture admitted his office censors his nation’s Twitter users. And Elon Musk threatens censorship.
Saudi Arabian Prince Alwaleed bin Talal. Inset Billionaire Elon Musk. Fox News screen captures. WASHINGTON. It took a pampered Saudi princeling to clarify why so many on the left are upset with Elon Musk’s $43 billion bid to purchase social media site Twitter, take it private, and clean house. Saudi Arabian Prince Alwaleed bin Talal opposes Musk’s hostile bid, saying the purchase price doesn’t “come close to the intrinsic value of Twitter given its growth prospects.” The intrinsic value of anything – say the price of Saudi oil – is ultimately determined by the market. So, it remains to be seen if investors are willing to sell their Twitter shares for Musk’s generous offer of nearly ten dollars a share greater than the equity’s current market value. But could it be that there is more to the prince’s objection than threats to Twitter’s nebulous “growth prospects”? Twitter headquarters in San Francisco. Image via Wikipedia Commons. He also said the royal government expects Saudi Twitter users to engage in cancel culture campaigns by informing on those who don’t “take care of what they are writing on Twitter,” Ahram Online reported.
