Tag: Omidyar Network

Rappler’s Ressa, 2016 board members charged in court for alleged violation of Anti-Dummy Law

(Eagle News)—Rappler chief executive officer Maria Ressa and members of the board of the news outfit three years ago have been charged in court for alleged violation of the Anti-Dummy Law. Apart from Ressa, charged before the Pasig Regional Trial Court were Manuel Ayala, James Bitanga, Nico Jose Nolledo, James Velasquez, and Felicia Atienza, all members of Rappler’s 2016 board. Ayala, Nolledo, Gloria, Bitanga, Atienza and  Velasquez have posted bail of P90,000 each. Ressa is […]

Malacanang says Omidyar’s decision to “donate” PDRs to Rappler, a ‘circumvention of the law”

  (Eagle News) – Malacanang said that the donation of a US-based investment firm to controversial online news site Rappler of its investments amounting to $1.5 million would “not remove the fact that Rappler breached the Constitution.” In a statement, Presidential Spokesperson Harry Roque said this “act” by Omidyar Network in donating the Philippine Depository Receipts (PDRs) that Rappler had earlier issued to the foreign firm was “nothing but a circumvention of the law.” He […]

Foreign entity Omidyar Network donates PDRs to Rappler managers to “address” SEC ruling

  (Eagle News) – The foreign investor group Omidyar Network announced on Wednesday that it “has donated the Philippine Depository Receipts it held to 14 managers of Rappler Inc.,” led by its chief executive officer Maria Ressa. This was to address what the US-based Omidyar claimed was an “unwarranted ruling made by the Philippines Securities and Exchange Commission (SEC) against Rappler, Inc., and Rappler Holdings Corporation.” The Omidyar Network’s investments in Rappler are said to […]