Source: IB Times
The big infusion of cash that sent Mark Zuckerberg and his fledgling college enterprise on their way came from Accel Partners, in 2004.
Jim Breyer, head of Accel, attached a $13 million rocket to Facebook (NASDAQ: FB) , and nothing has ever been the same.
Earlier that same year, a man named Gilman Louie joined the board of the National Venture Capital Association of America (NVCA). The chairman of NVCA? Jim Breyer. Gilman Louie happened to be the first CEO of the important CIA start-up, In-Q-Tel.
In-Q-Tel was founded in 1999, with the express purpose of funding companies that could develop technology the CIA would use to “gather data.”
That’s not the only connection between Jim Breyer and the CIA’s man, Gilman Louie. In 2004, Louie went to work for BBN Technologies, headed up by Breyer. Dr. Anita Jones also joined BBN at that time. Jones had worked for In-Q-Tel and was an adviser to DARPA, the Pentagon’s technology department that helped develop the Internet.
With these CIA/Darpa connections, it’s no surprise that Jim Breyer’s jackpot investment in Facebook is not part of the popular mythology of Mark Zuckerberg. Better to omit it. Who could fail to realize that Facebook, with its endless stream of personal data, and its tracking capability, is an ideal CIA asset?
But now the Facebook stock has tanked. On Friday, August 17, it weighed in at half its initial IPO price. For the first time since the IPO, venture-capital backers were legally permitted to sell off their shares, and some did, at a loss.
Articles have begun appearing that question Zuckerberg’s ability to manage his company. “Experts” are saying he should import a professional team to run the business side of things and step away.
All this, despite the fact that Facebook’s first posted revenue as a public company has exceeded analysts’ predictions, according to the LA Times.
This has the earmarks of classic shakeout and squeeze play. It’s how heavy hitters gain control of a company. First, they drive down the price of the stock, then they trade it at low levels that discourage and demoralize the public and even semi-insiders. As the stock continues to tank, they quietly buy up as much of it as they can. Finally, when the price hits a designated rock bottom, they shoot it up all the way to new highs and win big.
And they hold enough shares to exert more control over the company itself.
That is how Facebook will survive. Zuckerberg’s grip on Facebook will loosen.
The company is too important as a data-mining asset of the intelligence community to let it fall into disrepair and chaos. The CIA and its cutouts will save it and gain more power over it. It’s what they’ve wanted all along.
From the time Mark Zuckerberg was a child and attended the summer camp for “exceptional children,” CTY (Center for Talented Youth), run by Johns Hopkins University, he, like other CTY students, Sergey Brin (co-founder of Google), and Lady Gaga, have been easy to track.
CTY and similar camps filter applications and pick the best and brightest for their accelerated learning programs. Tracing the later progress of these children in school and life would be a standard operation for agencies like the CIA.