Billionaire Trump delegate reelected to Facebook board

Billionaire Trump delegate reelected to Facebook board
© Getty Images

Peter Thiel, the billionaire Donald TrumpDonald John TrumpO’Malley tells Dems not to fear Trump Right way and wrong way Five things to know about the elephant trophies controversy MORE delegate who has worked aggressively to bankrupt Gawker Media, will stay on Facebook’s board of directors.

He was reelected at the company’s annual shareholders meeting on Monday, according to Gizmodo.

ADVERTISEMENT
Since chief executive Mark Zuckerberg controls a majority of voting power at the public company, Thiel’s reelection was essentially up to him.

Thiel’s association with the company came under fire recently when he was revealed to be providing the financial backing for a lawsuit filed by Hulk Hogan against Gawker. Thiel has long been critical of Gawker’s coverage — the website was the first to publically write about the openly gay Thiel’s sexuality — and has admitted funding the lawsuit is an attempt to take the site down.

Facebook has simultaneously been building relationships with publishers such as Gawker as it tries to get them to buy in to a range of new initiatives, like live video and so-called Instant Articles.

But COO Sheryl Sandberg said last month that because Thiel hadn’t been using Facebook’s resources to fund the suit, the company didn’t have much to say on the matter and didn’t intend to remove him from the board.

“Peter did what he did on his own, not as a Facebook board member,” she said at a conference sponsored by the news site Recode. “We didn’t know about it. And you should talk to him.”

More recently, some have questioned Facebook’s closeness with Thiel given his backing for Trump. Thiel is also an investor in several other major Silicon Valley companies.