UpdatedYeah. I know. It’s a slow day today. Anyway, The Church of Jesus Christ of Latter Day Saints — a nonprofit religious organization that may have up to $30 billion in wide-ranging assets — is trying to buy Facebook. That’s what Zach Klein, the co-founder of video site Vimeo, now employed at comedy site CollegeHumor, is hearing from within the company.
[Update: Brim-DeForest says an LDS spokesperson has gotten back to say that the rumor is completely unfounded. Also, see my responses to commenters, below.]
Maybe there’s a grain of truth here?
Here’s my bet on what that grain is, assuming this isn’t a joke or somebody being drunk. Current and former Facebook employees are now allowed to sell stock. Why wouldn’t some part of the Church try to buy some part of Facebook?