Posted by Richard Willett - Memes and headline comments by David Icke Posted on 14 February 2024

Elon Musk in business with The Gulf States Sovereign Fund including Saudi Arabia’s Prince Alwaleed Bin Talal Al Saud

The Gulf State’s sovereign wealth fund put $375 million towards Elon Musk’s Twitter deal, giving Qatar a stake in the social media network just weeks before it hosts one of the world’s largest sporting events.

In his post-midterms press conference on Wednesday, President Joe Biden was asked if Elon Musk‘s $44 billion takeover of Twitter posed a threat to U.S. national security due to the presence of certain foreign investors, including Saudi Arabia’s Prince Alwaleed Bin Talal Al Saud and the Qatar Investment Authority.

“I think that Elon Musk’s cooperation and/or technical relationships with other countries is worthy of being looked at,” Biden said.

Biden isn’t the only one concerned about foreign investment in Twitter: Two weeks ago, Senator Chris Murphy (D-Conn.) called on the Committee on Foreign Investment in the United States (CFIUS), a unit of the Treasury Department, to review the Saudi and Qatari investment in the social media firm. “CFIUS must also review non-controlling investments in certain sensitive U.S. businesses, including companies that develop critical technologies and businesses that possess sensitive personal data on U.S. citizens,” Murphy said, pointing to the Department of Justice’s 2019 investigation into two former Twitter employees who were charged with sharing the private information of Twitter users with the Saudi government. (One of them was convicted by a federal jury in August.)

But while Prince Alwaleed was a Twitter investor when it was still a public company, Qatar’s involvement is a new—and somewhat unusual—investment for the tiny Gulf State’s $461 billion (assets) sovereign wealth fund. The investment first became public on May 4, when a filing with the U.S. Securities and Exchange Commission revealed that the Qatar Investment Authority (QIA) was putting $375 million into Musk’s acquisition, giving it just under 1% of now privately held Twitter. While the QIA’s stake in Twitter is very small, it could still lead to potential national security risks in the U.S.

Besides the former employees who were charged with acting as “illegal agents of Saudi Arabia,” Twitter has run into more controversies regarding its use of users’ private information. In May, the Federal Trade Commission and the DOJ slapped Twitter with a $150 million fine for “deceptively” collecting users’ phone numbers and email addresses and then sharing the data with advertisers who used it to target specific users.

If the Qatari government is able to access user data, that could pose national security risks to the U.S., according to Sanjay Patnaik, director of the Center on Regulation and Markets at the Brookings Institution. “Even though it’s a small investment, that doesn’t preclude CFIUS from looking into it if they believe that either the Qataris might get some influence over Twitter’s policies or might be able to access the data of Americans,” he says.

The timing of the deal also raises questions about the rationale behind Qatar’s investment. The acquisition closed on October 27th, less than a month before Qatar is set to host the 2022 FIFA World Cup, which starts on November 20th and will bring more than a million soccer fans to the country of 3 million people. Qatar won the hosting rights for the tournament in 2010, and the country has since been in the global spotlight for the deadly conditions for migrant workers at construction sites as well as its draconian media laws. Some suggest, not surprisingly, that there are non-financial reasons for the deal, giving Qatar potential influence on the cheap—at best—and a small write-off at worst.

Read More: Qatar’s Backing Of Elon Musk’s Twitter Deal Raises Questions Ahead Of The FIFA World Cup

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