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