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ago in General Factchecking by Innovator (50.0k points)
Elon Musk's Twitter buy was backed by Saudi interests, and now they're privatizing currency—just like banking, healthcare, and utilities.

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0 like 0 dislike
ago by Innovator (50.0k points)
 
Best answer
Is Musk's Twitter purchase, partly funded by Saudi interests, connected to recent plans to privatize currency?  

Fact-checked: Exaggerated/Misleading.

Saudi Prince Alwaleed bin Talal did invest in X during Musk's buyout of the social media platform; however, we can find no link between that and privatizing currency. Additionally, the Bluesky post refers to Saudi Arabia's aim to decentralize finance. Saudi Arabia is advancing decentralized finance (DeFi) with strong government support and Vision 2030, aiming to modernize the economy and improve financial access.

https://www.arabnews.com/node/2574973/business-economy

https://www.bloomberg.com/news/articles/2022-11-01/musk-s-twitter-investors-include-saudi-prince-dorsey-and-qatar?embedded-checkout=true
Exaggerated/ Misleading

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