Facebook, the CIA, DARPA, and the Tanking IPOblacklistednews.com | Aug 22nd 2012
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.
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