One of Facebook’s first investors and its longest-serving outside board member, Peter Thiel, is about to leave the social-media behemoth, parent firm Meta Platforms Inc. According to the report on CNBC, Thiel intends to spend time this year supporting elect politicians who he feels will support former President Donald Trump’s agenda in the United States midterm elections or Congressional elections.
Thiel, a co-founder of PayPal and a rare conservative political voice in Silicon Valley, became a Facebook investor in 2004, providing $500,000 in cash at a $5 million valuation in exchange for a 10% share in the firm and a seat on its board of directors.
Thiel – A Rare Conservative Political Voice
Thiel served as chairman of Palantir Technologies Inc. (PLTR) and Founders Fund, Thiel Capital, and Mithril Capital. Thiel is a rare conservative political voice in Silicon Valley. He became a Facebook investor in 2004, providing $500,000 in cash at a $5 million valuation in exchange for a
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