Zach Klein's Blog

I heard from an employee close to the deal that the Mormon church’s genealogy business made an unsolicited bid to acquire Facebook.

While maintaining the country’s largest ancestral database, they certainly have a motive to control this generation’s biographical data, and they certainly have the cash to do it. In 1996, Time Magazine estimated the church’s annual revenues to be $5 billion, with total assets at $25 to $30 billion.