Mark Zuckerberg remarked that virtual reality is poised to be the next big platform. (Photo : Reuters)
Peter Thiel paid tribute to Mark Zuckerberg during the Shareholder's meeting recently held. The important board member is not losing his place despite the allegation of trying to put Gawker out of business.
The re-election was done for the entire board of Facebook, including Mark Zuckerberg, Erskine Bowles, Sheryl Sandberg, Reed Hastings, Marc Andreessen, Susan Desmond-Hellmann M.D., and Jan Koum, Tech Crunch pointed.
Theil made it a point to mention Zuckerberg in his six-minute long speech. He also talked about the humanitarian aspects of Facebook, last week, Tech Crunch claimed in another report.
Thiel is the longest standing member of the Board for Facebook but his act of harming a Facebook customer life Gawker put him under scanner. However, COO Sheryl Sandberg had previously announced that Theil is not going anywhere and that statement was proved true in the meeting.
Re-election of Theil can raise many eyebrows as Gawker is already bankrupt and up for sale. It is not easy to digest that Facebook members spent millions of money to destroy a new media. It was not going to be an easy decision, Recode pointed. Facebook's attempt to promote uncensored press can also be put under scanner after this decision.
Facebook launched "Instant Article" last year and encouraged news media to provide news directly to the user. So, why they bothered to destroy Gawker is not quite easy to understand.
While this is still quite unclear, it is clear that Theil is not losing the place. In the Facebook Shareholder's meeting too journalists were not much concerned about it. It seemed that the re-election was quite evident.
In his speech, Theil mentioned, "What Facebook has never been about [is] replacing people or substituting computers for people but instead using computers to bring out the best in existing human relations and in this way bring people back to the centre."
Theil also said Zuckerberg has a big role in "building a social network that would respect people, value relationships and treat people in a reasonable kind of way." His speech may be quite flowery and glorifying, he is going to find it tough to maintain his reputation in the market.
