It will mean ALL companies will be valued at less because there will be less money being thrown at these companies. Saudi money is all over silicon valley and early stage tech companies.
In turn that drives up many costs like salaries and rent for the startup ecosystem. So, less money likely results in fewer but stronger startups.
The issue is the best returns are for more risky bets that may not be funded in such an environment.
First of all, it's Silicon Valley. Check your ethics at the door.
Secondly, it's not illegal if it's not against the laws of a country (and in this case, if the crown prince of a monarchy orders something, that's as close to legal as it gets). You could say that it's immoral, but that's a different statement, and you shouldn't conflate "illegal" with "immoral".
Flip or not, this is gross.
Calling a murder not a crime because a king decreed it is mind boggling. You shouldnt conflate "illegal" with "criminal".
Edit: if you disagree, please tell me why.
No thank you. Maybe you're OK with this worldview, but I am not.
Why would we do that?