Peter Thiel, American entrepreneur, enterprise capitalist, and hedge fund supervisor.
Adam Jeffery | CNBC
Billionaire investor and Donald Trump-backer Peter Thiel was amongst these advising Facebook CEO Mark Zuckerberg not to fact-check political ads, in response to a brand new report by The Wall Street Journal.
The Facebook board member and Palantir co-founder pushed for the corporate’s controversial coverage, which has been the subject of debate inside and outdoors Facebook, the Journal reported, citing unnamed sources. Zuckerberg has publicly argued that Facebook shouldn’t be the one to determine which claims are true on the subject of political advertisements, whereas critics say that stance will enable misinformation to proceed to thrive on the platform.
Thiel has reportedly bumped heads over politics with different administrators on Facebook’s board. In 2016, after Thiel delivered a speech supporting Trump on the Republican National Convention, director and Netflix CEO Reed Hastings told Thiel in an email that his assist of Trump demonstrated “catastrophically bad judgment,” The New York Times reported. Both Hastings and former White House chief of employees Erskine Bowles, won’t stand for reelection to the board, Facebook previously announced. Bowles additionally has had tensions with Thiel previously, sources informed the Journal.
Conservatives have accused Facebook and different Silicon Valley tech firms of missing an ideologically various workforce. Lawmakers have threatened to crack down except tech firms can show that their processes and algorithms usually are not biased towards conservative viewpoints. Thiel’s place on the board helps Facebook make the case that it accepts a variety of views.
“Many of the decisions we’re making at Facebook come with difficult trade-offs and we’re approaching them with careful rigor at all levels of the company, from the Board of Directors down,” a Facebook spokesperson mentioned in a press release to CNBC. “We’re fortunate to have a Board with diverse experiences and perspectives so we can ensure debate that reflects a cross section of views.”
Read the complete report at The Wall Street Journal.