Early Facebook investor Peter Thiel to step down from Meta board


FILE PHOTO: Peter Thiel, co-founder of PayPal, speaks at the Republican National Convention in Cleveland, Ohio, U.S., July 21 2016. REUTERS/Carlo Allegri

(Reuters) - Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, an early investor who has been on the company's board since 2005, has decided to retire.

Thiel aims to spend time helping elect candidates who he believes will advance former President Donald Trump’s agenda in the U.S. midterms, the Congressional elections this year, a person familiar with the situation said.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Foxconn reiterates Q2 revenue to grow, posts record April sales
EU forces Apple to also allow alternative app stores on iPads
TikTok blocks 37 million suspicious product listings from online shop
Google Podcasts, one of the most popular podcast apps, to end in June
Review: ‘Tales of Kenzera: Zau’ translates the journey of grief into a video game
Atos creditors reach deal to rescue debt-laden group, La Tribune says
In an online world, a new generation of protesters chooses anonymity
After two winsome Ori games, a pivot into dark fantasy
Teenager in China dies of heart attack after teacher forces her to exercise, insists illness is ‘fake’, delays first aid, enrages mainland social media
NoSpace is Gen Z’s answer to MySpace

Others Also Read