Sixteen years after becoming one of the first major investors in the company founded by Mark ZuckerbergPeter Thiel, a German-born American and New Zealand entrepreneur known as the White Wolf in Silicon Valley, leave the ship. In a press release, the boss of Meta comments and explains that “we always knew that at some point he would devote his time to something else”.
Peter Thiel goes into politics?
It’s a big event in the tech world. peter thiel advised Mark Zuckerberg from the early days of Facebook. He joined the company’s board in 2005 after investing $500,000 in a fledgling business. Considered a mentor by Zuckerberg, he sat on the board of directors of the American giant to influence the major decisions of the social network. Officially, there would be no link with the recent fall in the shares of the group. According to New York Timesthe entrepreneur could devote himself to the next midterm elections in November 2022, in order to support candidates who share the same ideas as former President Donald Trump.
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For the boss of Facebook (now Meta), Peter Thiel was “a valued member of the Board of Directors. I am deeply grateful for all he has done for our business. He believed in us from the start. He also taught me a lot of lessons about business, economics and the world. Peter is truly an out-of-the-box thinker to whom you can take your toughest problems and get insightful suggestions”. For his part, Peter Thiel believes that Zuckerberg has become “one of the great entrepreneurs of our time”. The two men so they’re probably not angry.
A fervent defender of Donald Trump at Facebook
Peter Thiel was also one of Meta’s most controversial board members. A few words about his journey: after co-founding PayPal, he created Palantir Technologies, a data analysis company criticized for having numerous contracts with many government agencies. At the same time, Thiel became one of the biggest American investors in Silicon Valley with Founders Fund, his venture capital firm. He also invested in Oculus founder Palmer Luckey’s startup.
The most sensitive subject for Zuckerberg was Thiel’s support for Donald Trump. He was present at a White House dinner in 2019 when Zuckerberg allegedly “reached an agreement with the president’s team”so as not to ” to watch “ publications of the then president. This position has long challenged Thiel’s position on Meta’s board. In 2016, the boss of Facebook defended Thiel in front of band employees by stating that “it was about diversity and defending the rights of people with different points of view”.