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The editorialized headline is strange. Luckey is not the first facebook figure to publicly support Trump - Thiel is. WSJ chooses to frame this as "FB is left le
by nemothekid 8y ago
The editorialized headline is strange. Luckey is not the first facebook figure to publicly support Trump - Thiel is. WSJ chooses to frame this as "FB is left learning, and they didn't like Luckey", but that doesn't explain why Thiel has been largely immune.
The more likely cause is, Luckey (aka NimbleRichMan) was known to fund facebook groups that spread disinformation, an issue that FB is struggling with majorly right now. It doesn't help your cause when one of your highest profile exec if pouring more fuel in the fire.
If he was really fired for supporting Trump I'd imagine there would be some legal grounds for Palmer to sue on. However, WSJ does a disservice here and I'm looking forward to when Cruz cites this article as evidence for his base that the coastal elite boogeyman is out to get them.
- adamnemecek 8y ago> but that doesn't explain why Thiel has been largely immune. He has more clout. Also I think he’s sold all his fb stock.
- nemothekid 8y agoFWIW, he is still on the board. I don't think he has sold his stock.
- adventured 8y agoThiel has liquidated nearly all of his FB stock. He appears to own a mere ~$8.7m worth of shares, basically a token sum likely retained because he's on the board. Nov 2017: "Thiel, who is a member of Facebook’s board had already sold more than $1 billion worth of its stock before the filing made on Tuesday. It said he had sold another 160,805 shares for about $29 million, leaving his holdings at 59,913 Class A shares in the company" https://www.reuters.com/article/us-facebook-stake/peter-thiel-sells-most-of-remaining-facebook-stake-idUSKBN1DM2BQ https://www.reuters.com/article/us-facebook-stake/peter-thie...