Saudi Money Fuels the Tech Industry. It’s Time to Ask Why.

By artappraiser on Tue, 11/07/2017 - 12:51pm |

As the world’s moneyed princes, dictators and oligarchs look for more places to park their billions, mountains of money may be coming to Silicon Valley.

By Farhad Manjoo @ NYTimes.com, Nov. 6

We need to talk about the tsunami of questionable money crashing into the tech industry.

We should talk about it because that money is suddenly in the news, inconveniently out in the open in an industry that has preferred to keep its connection to petromonarchs and other strongmen on the down low.

The news started surfacing over the weekend, when Saudi Arabia arrested a passel of princes [....]

Then there’s Russia [....]

URL:

https://www.nytimes.com/2017/11/06/technology/unsavory-sources-money-fueling-tech.html