Peter Thiel was not kicked off Facebook’s board

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Fb is sticking with Peter Thiel inspite of the backlash in opposition to him for funding the Hulk Hogan lawsuit that monetarily crippled Gawker. At today’s Fb shareholders assembly, the company voted to re-elect Thiel as a single of its board of directors. He been given adequate votes to keep on.

Facebook’s full board was re-elected, which includes Mark Zuckerberg, Sheryl Sandberg, Reed Hastings, Erskine Bowles, Susan Desmond-Hellmann M.D., Marc Andreessen, and Jan Koum. Facebook also voted to generate a new non-voting established of Course C stock which will permit Zuckerberg to keep an iron grip on the way of the company.

In the Q&A subsequent the votes, Zuckerberg mentioned he plans to continue on jogging Fb for decades to arrive inspite of his philanthropic endeavors. No a single asked about Thiel, indicating the push by itself may perhaps care a lot more about his assassination of Gawker than shareholders do.

Thiel final week gave a speech praising Facebook‘s influence on the humanization of know-how, which absolutely didn’t hurt his end result in the vote. Before this thirty day period, Fb COO Sheryl Sandberg mentioned the company wouldn’t take away Thiel.

The conclusion to retain Thiel could lead to pressure for Fb with its media publisher associates.

The strategy that a single of Facebook’s directors used millions of his personal cash to bankrupt a information outlet could fret them about Facebook’s motivation to uncensored push. Gawker is now bankrupt and up for sale. Fb also ruffled feathers when it was accused of suppressing conservative traits in its Trending Subject areas, although the company’s investigation found no proof of concerted censorship.

Fb has been amassing enormous impact around the distribution of information these previous couple of decades. The Fb Information Feed is a single of the largest drivers of referral visitors to publishers, placing them at the mercy of its feed ranking algorithm. And final calendar year Fb introduced Instant Articles, letting it to host information posts inside its native applications so users really don"t have to hold out for an external cell web-site to load.

Though Twitter proceeds to be hugely well-liked amongst journalists, and Snapchat has just introduced its personal version of Instant Articles that allow users swipe up from an advert to look at a hosted post, Fb does not have any deserving opponents amongst social information distribution. That provides it the leverage to stick by Thiel devoid of much fret that associates will flee in other places.

Highlighted Image: Fortune Dwell Media/Flickr Beneath A CC BY-SA 2. LICENSE

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Peter Thiel was not kicked off Facebook’s board
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