Founder eBay diverts into journalism | RetailDetail

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.

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