Billionaire Peter Thiel To Step Down From Meta Board of Directors

  • 2 years ago
Billionaire Peter Thiel To Step Down, From Meta Board of Directors.
On February 7, Facebook's
parent company said that
billionaire tech investor
Peter Thiel will step down
from the board of Meta. .
On February 7, Facebook's
parent company said that
billionaire tech investor
Peter Thiel will step down
from the board of Meta. .
CNN reports that Thiel, one of Facebook's
longest-serving board members, will step down
from the company's board later in 2022. .
CNN reports that Thiel, one of Facebook's
longest-serving board members, will step down
from the company's board later in 2022. .
Thiel has reportedly served on the
board since 2005, one year after the
social network was launched. .
Thiel has reportedly served on the
board since 2005, one year after the
social network was launched. .
CNN reports that over the years, Thiel has become
a close adviser and mentor to CEO Mark Zuckerberg.
CNN reports that over the years, Thiel has become
a close adviser and mentor to CEO Mark Zuckerberg.
Peter has been a valuable member of our
board and I'm deeply grateful for everything
he has done for our company — from
believing in us when few others would,
to teaching me so many lessons about
business, economics, and the world, Mark Zuckerberg, via CNN.
Peter has been a valuable member of our
board and I'm deeply grateful for everything
he has done for our company — from
believing in us when few others would,
to teaching me so many lessons about
business, economics, and the world, Mark Zuckerberg, via CNN.
According to 'The New York Times,' Thiel plans
to back candidates loyal to former President Donald
Trump's agenda in the upcoming midterm elections. .
According to 'The New York Times,' Thiel plans
to back candidates loyal to former President Donald
Trump's agenda in the upcoming midterm elections. .
The 'NYT' cited an unnamed source
with knowledge of Thiel's plans. .
In 2016, Thiel reportedly donated $1.25 million
to Trump's presidential campaign. .
At the time, Zuckerberg defended Thiel's
political opinion, saying in an internal post, , "we can't create a culture that says it cares
about diversity and then excludes almost half the
country because they back a political candidate.".
CNN reports that Thiel's exit comes as Meta faces a crisis
involving stagnating user growth, heavy competition,
scrutiny by regulators and a series of privacy scandals.

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