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.  REUTERSCarlo Allegri

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.

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