Peter Thiel Is Stepping Down From Facebook to Go Full MAGA - 2022-02-08
Billionaire tech investor Peter Thiel is stepping down from the board of Meta, Facebook's parent company said Monday. And he's planning to spend his free time—and some part of his vast wealth—to get candidates allied with former President Donald Trump elected, according to the New York Times.
Thiel, who co-founded PayPal, was the first outside investor in the company that became Meta last year. Meta announced Monday that Thiel would not run for re-election to the company's board of directors, which he's been on since 2005. In a statement, Meta CEO Mark Zuckerberg called Thiel a "valuable member of our board" and thanked him for, among other things, "teaching me so many lessons about business, economics, and the world."
"It has been a privilege to work with one of the great entrepreneurs of our time," Thiel said in a statement provided by Meta. "Mark Zuckerberg's intelligence, energy, and conscientiousness are tremendous. His talents will serve Meta well as he leads the company into a new era."