Meta (ex-Facebook) confirmed it: Peter Thiel will leave the company’s board of directors. He will nevertheless continue to sit until the company’s annual meeting of shareholders, the social media giant said in a press release.
“It was a privilege to work with one of the greatest entrepreneurs of our time. Mark Zuckerberg’s intelligence, energy and dedication are formidable. His talents will serve Meta well as he leads the company into a new era,” Peter Thiel said on the occasion.
The news was first announced by the New York Times this Monday, before being confirmed by the company itself a few hours later. According to the article, Peter Thiel is leaving his post to focus on a more political role: his ambition is to help candidates close to Donald Trump’s ideas for the midterm elections, which will take place in a few months in the States. -United.
From PayPal to Trump
The billionaire, who co-founded PayPal and Palantir, and is an early investor in Facebook, had served on the Facebook/Meta board since 2005. Beyond his professional accomplishments and support for Donald Trump, Peter Thiel is also known for funding a high-profile court case where wrestler Hulk Hogan was facing Gawker Media, in 2016.
“Peter is truly an out-of-the-box thinker who you can bring your toughest problems to and get unique suggestions. He served on our board for nearly two decades, and we always knew that at some point he would dedicate his time to other interests,” said Mark Zuckerberg, Founder and CEO of Meta.
The departure of Peter Thiel caps a series of bad news for the tech giant, which has in turn terminated its Diem cryptocurrency project and then estimated the losses caused by Apple’s changes to iOS at $ 10 billion, for finally losing more than a quarter of its financial value, while facing criminal charges in Australia for the first time in its history.
Source: ZDNet.com