Founder eBay diverts into journalism

Founder eBay diverts into journalism

Pierre Omidyar, eBay’s founder, has started a journalistic project with Glenn Greenwald, the notorious journalist at The Guardian who uncovered the lid on the American and British secret services in the past few months. Omidyar is the second retailing mogul dipping his toes in the journalistic sector, following in the footsteps of Amazon's Jeff Bezos, who recently bought The Washington Post.

Under pressure after Snowden-revelations

Greenwald became an international headliner when he repeatedly exposed the espionage of the American secret service (NSA) and its British counterpart (GCHQ), using the revelations of whistleblower Edward Snowden. Greenwalt had been under increasing pressure and intimidation, with even his boyfriend being arrested, and has now decided to leave The Guardian.

 

A press release states that Omidyar has a growing interest “to preserve and strengthen the role journalism plays in society” and he hopes that this new structure “supports these journalists and allows them to pursue the truth in their fields”. The American multibillionaire with Iranian roots has stressed that this new company will not limit their work to research journalism, but is aiming for a wide audience.

 

Second attempt for launch in journalism

The eBay founder would be willing to invest some 200 million euro into the project, a mere fraction of his alleged worth, which Forbes estimates to be some 7 billion euro. At the moment, Omidyar has been preoccupied – through his Omidyar Network – with investments, politics and philanthropy.

 

He was one of the possible purchasers of American newspaper The Washington Post, but in the end Amazon founder Jeff Bezos bought the prestigious newspaper.

Questions or comments? Please feel free to contact the editors


Facebook launches its Marketplace in Europe

16/08/2017

In October 2016, Facebook launched a marketplace for used items in several countries, including the United Kingdom and the United States. That marketplace is now also coming to Belgium, the Netherlands and fifteen other European countries.

AS Adventure acquires German McTrek

14/08/2017

Belgian outdoor chain AS Adventure has acquired its German competitor McTrek. The acquisition opens up the largest European outdoor market for the Belgians, thanks to McTrek’s 39 stores and web shop.

American department store chains continue to struggle

11/08/2017

Several American department store chains continue to underperform. Both Macy’s and Kohl’s experienced turnover slumps compared to the previous year, even though they both managed to beat analysts’ expectations.

Amazon wants to compete with Ticketmaster

11/08/2017

Amazon is in talks with American event location owners to see whether it could sell tickets for their events on its web shop.

Record turnover for Henkel

10/08/2017

German Henkel has had a record second quarter, when turnover reached nearly 5.1 billion euro. For the first time ever, its six-month turnover surpassed the 10 billion euro milestone, thanks to its acquisition of laundry detergent company Sun.

Lion Capital once again wants to sell Hema

08/08/2017

Lion Capital has approached business bank Credit Suisse to look into “strategic options” for Hema, which basically means it has to find an interested buyer for the Dutch store chain.

Back to top