States Chronicle - Latest Breaking World News

Tuesday, January 26, 2021
Log in
  • About Us
  • Contact Us
  • Authors
  • Investor Relations
  • Privacy
  • Terms of Use
  • Latest News
    • Right Colors for your Skin Tone
    • MOST ACTIVE NASDAQ After-Hours
    • iPhone 5C Release Date
    • Samsung Galaxy S5 Release Date
    • The History of the Atkins Diet

Peter Thiel Will Be Staying With Facebook After Bankrupting Gawker

June 21, 2016 By Troy Rubenson Leave a Comment

Email, RSS Follow
Peter Thiel has be re-elected on Facebook's board of directors.

“What Facebook has never been about [is] replacing people,” – Peter Thiel

STATES CHRONICLE – Facebook hosted its annual shareholder meeting, and its entire board of directors was up for re-election. Following the meeting, it was revealed that all of its members had been re-elected. The list includes Mark Zuckerberg, Sheryl Sandberg, Peter Thiel, Reed Hastings, Susan Desmond-Hellmann, Erskine Bowles, Jan Koum, and Marc Andreessen.

Although Sheryl Sandberg had previously stated that the board would re-elect Peter Thiel, the decision still came as a shock to several media communities.

Peter Thiel is known as the man who single-handedly forced news outlet Gawker into declaring bankruptcy. More recently, he funded the Hulk Hogan lawsuit which lead to Gawker being financially devastated.

Facebook has stated that Thiel’s actions were independent of his work for Facebook. He used his own money independently from the company. Several members of Facebook’s board of directors have had public side projects in the past. They acted independently of the company’s agenda, and Peter Thiel’s case is not seen to be different by the board of directors.

While Facebook’s statements are true, the actions of Peter Thiel can be seen as an attempt at forced censorship of the press. Before this year’s shareholder meeting, several media publisher partners of Facebook had already expressed concern in regards to keeping Peter Thiel.

Many will interpret the re-election as a guarded maneuver in which Thiel is directly rewarded after being able to bankrupt a company which had worked with Facebook previously. Nevertheless, Facebook had earlier stated publically and on the record that Peter Thiel would not be leaving the company’s board of directors. A change of mind could have had a greater potential adverse effect in the long run.

There are also some who believe Mark Zuckerberg awarded Peter Thiel considerable special treatment in regards to the whole situation. The two are considered to be close friends and recent in-house events can more than confirm this.

In February, Mark Zuckerberg received an award for Facebook from Axel Springer, the German media company. During the ceremony, Peter Thiel gave a six-minute long speech which revolved around praising Mark Zuckerberg for all he has achieved with Facebook and also praising Facebook for, as he saw it, making the world and the internet better places to be.

It is true that in the past year Facebook has significantly managed to improve its features as a social media service. A full re-election of the board of directors also means that the board, including Peter Thiel, is going in the right direction.

Image Courtesy of Flickr.

Email, RSS Follow

Filed Under: Technology Tagged With: Facebook, Gawker, Mark Zuckerberg, Peter Thiel, shareholder

About Troy Rubenson

Troy had initially wished to become a Wall Street which and it was this passion that pushed him towards learning more and more about investments, capital markets and financial gain. He is currently The States Chronicle’s foremost business correspondent.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 30 other subscribers

Doom and MiniDoom 2

Volunteer-Based Mexican Studio Releases Sidescrolling Doom Clone

March 12, 2018 By Georgia Dawson Leave a Comment

Chinese Mom and locked iPhone.

Toddler Locks Chinese Mom Out of Phone for Half a Century

March 9, 2018 By James Faulkner Leave a Comment

Alexa laughing

Amazon Alexa Laughing out of the Blue Puzzles Engineers

March 8, 2018 By Jack M. Robinson Leave a Comment

Flippy and the Burgers

Meet Flippy, World’s First Fast-Food Robotic Chef

March 6, 2018 By Georgia Dawson Leave a Comment

System Shock

System Shock Remastered Delayed, Nightdive Studios CEO Announces

February 19, 2018 By Janet Vasquez Leave a Comment

Sea of Thieves.

Sea of Thieves Optimized for Low-End PCs

February 14, 2018 By Georgia Dawson Leave a Comment

Sony and VR

Sony Touts New Generation of VR Controllers

January 31, 2018 By Deborah Cobing Leave a Comment

YouTube

YouTube Stiffens Its Monetization Policy to Discourage Spammers and Bad Actors

January 18, 2018 By Georgia Dawson Leave a Comment

Google Art Doppelganger

Google App Can Now Show Your Art Doppelganger

January 15, 2018 By Troy Rubenson Leave a Comment

YouTube mobile app logo on a smartphone

YouTube Now Enables Vertical Videos on iOS

December 24, 2017 By Janet Vasquez Leave a Comment

Samsung Galaxy S2 with a shattered screen

Cracked Smartphone Screens Are a Thing of the Past – Self-Healing Polymer Gets Fixed Just by Pressing It

December 20, 2017 By Janet Vasquez Leave a Comment

Bing logo on a white background

Bing Improves Its Search Results with the Help of AI and Reddit Integration

December 16, 2017 By Janet Vasquez Leave a Comment

White hashtag on a blue background

Follow Your Interests on Instagram by Directly Following Hashtags

December 14, 2017 By Janet Vasquez Leave a Comment

Samsung Galaxy S7 Edge on a leather seat

Samsung Galaxy Smartphones Make More People Happier as Compared to iPhones

December 13, 2017 By Janet Vasquez Leave a Comment

Related Articles

  • Doom and MiniDoom 2

    Volunteer-Based Mexican Studio Releases Sidescrolling Doom Clone

    Mar 12, 2018
  • Chinese Mom and locked iPhone.

    Toddler Locks Chinese Mom Out of Phone for Half a Century

    Mar 9, 2018
  • Alexa laughing

    Amazon Alexa Laughing out of the Blue Puzzles Engineers

    Mar 8, 2018
  • Flippy and the Burgers

    Meet Flippy, World’s First Fast-Food Robotic Chef

    Mar 6, 2018
  • System Shock

    System Shock Remastered Delayed, Nightdive Studios CEO Announces

    Feb 19, 2018
  • Sea of Thieves.

    Sea of Thieves Optimized for Low-End PCs

    Feb 14, 2018
  • Sony and VR

    Sony Touts New Generation of VR Controllers

    Jan 31, 2018
  • YouTube

    YouTube Stiffens Its Monetization Policy to Discourage Spammers and Bad Actors

    Jan 18, 2018
  • Google Art Doppelganger

    Google App Can Now Show Your Art Doppelganger

    Jan 15, 2018
  • YouTube mobile app logo on a smartphone

    YouTube Now Enables Vertical Videos on iOS

    Dec 24, 2017

Categories

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Markets
  • National News
  • Nature
  • News
  • Politics
  • Science
  • Technology
  • Uncategorized
  • World

Copyright © 2021 statechronicle.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.