{"id":10836,"date":"2022-02-08T02:42:13","date_gmt":"2022-02-08T02:42:13","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/08\/peter-thiel-announces-that-he-will-step-down-from-the-board-of-meta\/"},"modified":"2022-02-08T02:42:13","modified_gmt":"2022-02-08T02:42:13","slug":"peter-thiel-announces-that-he-will-step-down-from-the-board-of-meta","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/08\/peter-thiel-announces-that-he-will-step-down-from-the-board-of-meta\/","title":{"rendered":"Peter Thiel announces that he will step down from the board of Meta"},"content":{"rendered":"

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After 17 years, the billionaire investor Peter Thiel says he is leaving the board of Meta Platforms Inc., it was announced today.<\/p>\n

Thiel, who was born in Germany and went to the U.S. as a kid, was one of the first investors in Meta, which was then Facebook Inc. He was a founder of PayPal Inc. and Palantir Technologies Inc. and was also an active donor to the Republican Party. His Thiel Foundation currently invests money in various tech-related ventures, including artificial intelligence.<\/p>\n

Thiel was the longest-standing member of Meta\u2019s 10-person board, but he was also a controversial one given the fact he donated to former President Donald Trump\u2019s campaign. According to the New York Times, albeit from someone who didn\u2019t want to be identified, Thiel will now put more of his energy into this year\u2019s U.S. midterm elections, supporting candidates who back a Trump-style agenda.<\/p>\n

His backing of Trump was somewhat controversial seeing that Facebook banned<\/a> the former president, although at the time up to the ban some commentators said the reason Facebook had been stalling was because of the influence of Thiel. He donated million to the Trump campaign and will continue with some very generous donations for present Republican candidates.<\/p>\n

He is also said to be very close to Meta Chief Executive Mark Zuckerberg and his family, although it seems relations have been frayed somewhat of late after Facebook, like most big social media companies, began cracking down on certain kinds of content. Speaking in relation to George Orwell\u2019s book \u201c1984\u201d, Thiel likened such censorship to the \u201cMinistry of Truth\u201d.<\/p>\n

Still, none of that kind of talk appeared in the recent announcements of his departure. Both Zuckerberg and Thiel did a fair amount of back-slapping, with the latter calling his friend \u201cone of the great entrepreneurs of our time.\u201d<\/p>\n

\u201cPeter has been a valuable member of our board and I\u2019m deeply grateful for everything he\u2019s done for our company,\u201d Zuckerberg returned in a statement. \u201cPeter is truly an original thinker who you can bring your hardest problems and get unique suggestions.\u201d<\/p>\n

Photo: Heisenberg Media<\/a>\/Flickr<\/h5>\n
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