Facebook’s Sandberg Says Peter Thiel to Remain on Board
Peter Thiel.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Facebook Inc. Chief Operating Officer Sheryl Sandberg said board member Peter Thiel is bankrolling lawsuits against Gawker Media LLC based on his own personal convictions, and his support doesn’t affect his role at Facebook.
Thiel, a PayPal founder and early Facebook investor, recently revealed that he was secretly backing Hulk Hogan’s lawsuit against Gawker, resulting in a $140 million verdict against the website and threatening its existence. Facebook, meanwhile, has been working to appeal to news organizations so they will use its products like live video and Instant Articles.