Peter Thiel and Facebook Remain Cooperation for the future

Peter Thiel and Facebook Event Overview

Peter Thiel is one of the founders of PayPal, and he is also the board of directors of Facebook. However, for the recent Facebook Shareholders Meeting, Peter Thiel was nearly off the board. Another enterprise Gawker Media is also involved in the case. Peter Thiel was noticed to against Gawker Media illegally. Shareholders of Facebook still welcome Peter Thiel to stay in the board. Peter Thiel himself, however, did not attend the meeting in person. A total lost of nearly $140 million lawsuit has been identified so far. Gawker filed for bankruptcy earlier in June 2016, and agreed to sell itself to digital publisher Ziff Davis for over $100 million. Peter Thiel was selected with a number of other board members such as Reed Hastings, the CEO of Netflix, and Erskine Bowles, the president emeritus of the University of North Carolina.

Peter Thiel

Peter Thiel and Facebook Shareholders


The CEO of Facebook Mark Zuckerberg responded some arguments from Facebook shareholders who asked if Facebook is planning to merge its Messenger and some other App software enterprises, such as the WhatsApp. So far over 3 billion people use Facebook and WhatsApp. Mark rejected such kind of guess from shareholders. Facebook also has a number of questions and answer meetings for its investors and followers to ask questions regarding the board selections. Facebook stated that it will keeping a close eye on terrorism, taking down that type of content whenever it’s reported, also the company would be cooperate with law enforcement if in the case of imminent. Currently investigation from Facebook didn’t find any systemic bias.

Peter Thiel

Peter Thiel

It seems that aparts from the efforts of Facebook, the more people who use the online social media platform, the more it combats extremism and terrorism. Patti Hade, a 62-year-old physical therapist, flew to California to hear executives talk about digital media market. Patti claimed that there is quite a number of her stock portfolio was tied up in Facebook shares, which she bought at its IPO. Patti was eager to find out business strategies from Facebook for for competing against Snapchat. At least some people can still feel happy. Mark Zuckerberg also rejected that he would not deal with whetherhis philanthropic issues.

Peter Thiel



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