Will Mark Zuckerberg Vote Fo rPeter Thiel Now?
Facebook CEO Mark Zuckerberg, who is now perhaps the most powerful man
in publishing, will be forced next month to decide the fate of a board
member who engineered a decade-long secret campaign against a media
company.
Zuckerberg, who controls the majority of Facebook’s stockholder voting
power, will have his own up-or-down vote at the company’s June 20
stockholder meeting on Peter Thiel, who is listed as being up for
re-election on Facebook’s preliminary proxy statement. Thiel, an early
Facebook investor and key player in its early power struggles, confirmed
this week that he financed lawsuits against Gawker Media as
“deterrence” after the company reported that he is gay.
The stakes are high for Zuckerberg because of the power he has accreted
in digital publishing, an industry in which Gawker is both a lightning
rod and a pioneer. Gawker is, in fact, a Facebook partner, and one of
many participants in its Instant Articles program. Facebook is the
world’s most important filter of information and increasingly the
driving force in the way people get their news. Yet so far Zuckerberg
has remained silent on his board member’s actions. BuzzFeed News’
requests for an interview were turned down along with those of many
other media organizations.
Whether or not Zuckerberg is forced to address the Thiel situation at
the 11 a.m. stockholder meeting at the Sofitel San Francisco Bay in
Redwood City, his thumbs-up, or down, vote will be the most forceful
statement he can make about his board member — a man who some argue is
setting a chilling precedent for media companies that publish stories
not to the liking of powerful billionaires.
Will Facebook, a company dependent on publishers for the content that
fuels its News Feed, stand by a board member seeking the destruction of
one of those very publishers?
Facebook is used by more than 1 billion people every day, but as it has
moved from personal content toward what the company refers to as “public
content,” it has moved huge audiences to publishers — and become
responsible for a significant share of many publishers’ traffic. Its
influence is so vast that many such publishers (including BuzzFeed) have
agreed to host their articles directly on Facebook’s servers via the
Instant Articles product. That outsized influence on how people all
across the world are informed is why a major firestorm ensued after
curators of its Trending column were accused of bias. After that
episode, Zuckerberg said the company had a trust problem with
conservatives that it needed to address. His vote on Thiel will send
another message about how he sees publishers.
Will Mark Zuckerberg Vote Fo rPeter Thiel Now?
Reviewed by Unknown
on
10:44 PM
Rating:
No comments: