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The chilling effect Peter Thiels battle with Gawker could have on Silicon Valley journalism

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Author : Vivek Wadhwa
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Peter ThielGawker infringes on privacy and publishes tabloid-like stories that damagereputations. It is one of the most sensationalist and objectionable media outlets in the country. It also hasnotbeen kind to me. So its not a company that I would expect to be defending. But I worry that the battle that billionaire Peter Thiel hasclandestinelybeen waging against it will be damaging to Silicon Valley by furthering distrust of its motives.

For better or worse, Gawker is entitled to the same freedom as any other news outlet. If it crosses the line, as it likely did with wrestler Hulk Hogan, the courts should deal with it. Silicon Valleys power brokers should not get involved because they have access to resources that rival those of governments. They can outspend any other entity and manipulate public opinion.

Silicon Valley has more than an unfair advantage; its technologies exceed anything that the titans of the industrial age had. These technologies were built on the trust of the public and that is needed for an industry that asks customers to share with them with literally every part of their lives. This enormous influence should come with restraint and an understanding that those with power will be scrutinized sometimes unfairly and unjustly.

What some may find particularly troubling is that Peter Thiel is on the board of Facebook which has become the worlds most influential media platform. Facebook decides what news a billion people will see and controls a significant portion of the traffic to leading news websites. Publications entire businesses can be wiped out based on a change in its algorithm. Thiel is also chairman of the board of security firm Palantir Technologies, which provides intelligence data to the CIA and FBI, and an investor in many other powerful technology firms.

There is almost no chance that any of Thiels companies will use their technology to target his opponents and dissenters. But Thiels activism only increases concerns at a time when Facebook is under fire for having a perceived liberal bias. And there is only a temporary hiatus in thebattlesbetween the FBI and Apple over security and privacy. Silicon Valley doesnt need another dark cloud hanging over it, yet one seems to be developing.

Its not just journalists who are affected, the culture of the technology industry is at stake too. Silicon Valley prides itself on openness, diversity, and freedom of thought and expression. You can be competing one day and cooperating on another. Criticism is accepted and dissent is expected. Its rare to read a story such as this where a prominent figure went to great lengths to silence an adversarial voice.

Other than Gawkers tech website, Valleywag, which was shut down this year, there are few publications in Silicon Valley that will confront its tech moguls and overhyped start-ups. Witness theethical breachescommitted by Theranos; lives were put at risk. Yet it took anexposby John Carreyrou of theWall Street Journalto uncover its corruption. And he had to withstand ugly threats by the companys lawyers.

Technology businesses should be focused on their credibility and building trust by making their executives more accessible to journalists, not battling media organizations.

As Nick BiltonwroteinVanity Fair, the valleys system has been molded to effectively prevent reporters from asking tough questions. Its a game of access, and if you dont play it carefully, you may pay sorely. Outlets that write negatively about gadgets often dont get prerelease versions of the next gadget. Writers who ask probing questions may not get to interview the CEO next time he or she is doing the rounds. If you comply with these rules, youre rewarded with page views and praise in the tech blogosphere. And then theres the fact that many of these tech outlets rely so heavily on tech conferences. Investor Jason Calacanis added, If you look at most tech publications, they have major conferences as their revenue. If you hit too hard, you lose keynotes, ticket buyers, and support in the tech space.

Technology is the industry of disruption and that makes people wary. There is growing anxiety everywhere over what will be next to change. As it becomes a greater part of the economy, checks and balances are needed more than ever. The risk is that Thiels attempt to quash a reprehensible publication will only weaken what little exists.

Link to article on Washington Post’s website


About Author
Vivek Wadhwa is Vice President of Innovation and Research at Singularity University; Fellow, Arthur & Toni Rembe Rock Center for Corporate Governance, Stanford University; Director of Research at the Center for Entrepreneurship and Research Commercialization at the Pratt School of Engineering, Duke University; and distinguished visiting scholar, Halle Institute of Global Learning, Emory University. He is author of ”The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent”–which was named by The Economist as a Book of the Year of 2012.

Wadhwa oversees the academic programs at Singularity University, which educates a select group of leaders about the exponentially growing technologies that are soon going to change our world. These advances—in fields such as robotics, A.I., computing, synthetic biology, 3D printing, medicine, and nanomaterials—are making it possible for small teams to do what was once possible only for governments and large corporations to do: solve the grand challenges in education, water, food, shelter, health, and security.

Website: http://wadhwa.com/2016/05/27/the-chilling-effect-peter-thiels-battle-with-gawker-could-have-on-silicon-valley-journalism/

 

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