• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechData Sheet

What ‘Trendghazi’ and ‘Thielgate’ Say About the Future of News

Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
Down Arrow Button Icon
Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
Down Arrow Button Icon
June 1, 2016, 8:30 AM ET
Amazon Founder Jeff Bezos Interviewed At The Washington Post
WASHINGTON, DC - MAY 18: Amazon founder and owner of The Washington Post via Getty Images Jeff Bezos is interviewed at a Post event in Washington, DC on May 18, 2016. It was all part of The Washington Post via Getty Images's Transformers day long event featuring technological advances and business moves that are upending industries and changing lives. (Photo by Linda Davidson / The Washington Post via Getty Images)Linda Davidson — The Washington Post/Getty Images

This essay originally appeared in Data Sheet, Fortune’s daily tech newsletter. Sign up here.

First there was “Trendghazi.” Now there’s “Thielgate.”

If you don’t know what either of these are, chances are you clicked on the wrong newsletter. But allow me to explain. The former, a scandal over anonymous allegations that Facebook (FB) workers purposely omitted conservative-leaning stories from the website’s “trending” list, erupted in early May. The latter, the revelation that billionaire and Facebook investor Peter Thiel bankrolled a $140 million lawsuit against Gawker Media, is still erupting.

The two controversies are different sides of the same coin—a coin that came from Thiel’s pocket, apparently. In both cases, the PayPal (PYPL) co-founder’s money is illustrating that it can (at least theoretically) influence the dissemination of information.

Facebook has said it found no evidence of employee wrongdoing in curating the news feed on its “Trending Topics” page, though it is still changing the news selection process on the site. But its dedication to keeping its information fully free from potential bias would gain more credibility if it addressed this growing issue: Thiel, who has admitted to funding lawsuits against Gawker, is on Facebook’s board.

Whether or not you think of Gawker and its now-defunct Silicon Valley gossip site Valleywag—which publicly revealed Thiel as gay in 2007—as a news site or complete rubbish is irrelevant. At least in Thiel’s case, the company didn’t do anything illegal. And yet he called his campaign to crush Gawker “one of my greater philanthropic things that I’ve done.”

Others don’t quite see it that way. Take, for example, Jeff Bezos, another billionaire with a more overt news agenda: growing the audience for The Washington Post, which he bought in 2013 (oh yeah, and running a little company called Amazon (AMZN)).

“I don’t think a billionaire should be able to fund a lawsuit to kill Gawker,” Bezos said Tuesday during an interview at the ongoing Code Conference in Ranch Palos Verdes, Calif. “The best defense against speech you don’t like is a thick skin. If you can’t tolerate critics, then don’t do anything new or interesting.”

Well said, from one billionaire to another.

About the Author
Michal Lev-Ram
By Michal Lev-RamSpecial Correspondent
Twitter icon

Michal Lev-Ram is a special correspondent covering the technology and entertainment sectors for Fortune, writing analysis and longform reporting.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

snow
North Americasnow
AI that you can get behind: Syracuse claims snow complaints have dropped 30% since it partnered with the right GPS tech firm
By Jeff McMurray and The Associated PressMarch 3, 2026
4 minutes ago
CybersecurityAmazon
Cities join Amazon in ending their partnership with license-plate reader Flock following public outcry. ‘Your privacy is totally fine,’ says Ring CEO
By Catherina GioinoMarch 3, 2026
19 minutes ago
U.S. Secretary of War Pete Hegseth standing in front of a podium with a Pentagon sign behind him, gesturing with his hands outstretched and looking angry.
AIEye on AI
The Pentagon’s fight with Anthropic was the first real test for how we will control powerful AI. The bad news: we all failed
By Jeremy KahnMarch 3, 2026
49 minutes ago
insurance
AIInsurance
$15 billion of the insurance industry is at risk from AI, BofA says
By Nick LichtenbergMarch 3, 2026
1 hour ago
howard
AIMarkets
Legendary investor Howard Marks was skeptical about AI. What it said to him about Warren Buffett and Charlie Munger left him shook
By Nick LichtenbergMarch 3, 2026
1 hour ago
Startups & VentureGen Z
As Gen Z swaps dating apps for run clubs, Strava’s CEO says the $2 billion unicorn plans to go public ‘at some point’
By Marco Quiroz-GutierrezMarch 3, 2026
2 hours ago

Most Popular

placeholder alt text
Middle East
U.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
By Jason MaMarch 1, 2026
2 days ago
placeholder alt text
Economy
Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid
By Nick LichtenbergMarch 2, 2026
21 hours ago
placeholder alt text
Middle East
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
1 day ago
placeholder alt text
Success
Slack cofounder says workers and CEOs can get stuck doing 'fake' work like pre-meetings and slideshows
By Emma BurleighMarch 1, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, March 2, 2026
By Joseph HostetlerMarch 2, 2026
1 day ago
placeholder alt text
AI
American schools weren’t broken until Silicon Valley used a lie to convince them they were—now reading and math scores are plummeting
By Sasha RogelbergMarch 1, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.