Rumour: Mormon church wants to buy Facebook
There’ve been plenty of rumours about potential acquirers of social network Facebook in recent months, but the latest is the most curveball yet. Blogs are running wild with the rumour that The Church of Jesus Christ of Latter Day Saints (otherwise known as the Mormons) is interested in buying Facebook. Why? Who knows - the Church famously has a big interest in family history research, but that’’s hardly Facebook’’s forte. However, few doubt it wouldn”t have the money for any such deal - the Church reportedly has around $30 billion in assets.
Tags: facebook, mormon church
August 21st, 2008 at 2:07 pm
Not true. See http://blogs.guardian.co.uk/technology/2008/08/21/newsflash_mormons_not_buying_facebook.html
August 21st, 2008 at 2:20 pm
I think it’s meant to be a bit tounge-in-cheek, this story, Mike
August 21st, 2008 at 8:28 pm
Yes- and after they acquire Facebook, they’ll be buying Google, too!
(Note, that $30B in ‘assets’ consist largely of buildings and other property that cost the Church money to maintain- they don’t generate money. Though the Church does own the Desseret Management Company that produces a fairly good return on investment- but nothing like $30B!)