Peter Thiel announces departure from Facebook parent Meta to focus on far-right politics

Peter Thiel announces departure from Facebook parent Meta to focus on far-right politics
Image via Wikimedia Commons

Conservative technology mogul and billionaire investor Peter Thiel has announced that he is stepping down from the board for Facebook and Instagram's parent company, Meta. Thiel, who is considered one of the earliest investors in Facebook, will continue to serve in the capacity of board director until Meta's upcoming annual shareholders' meeting. At that point, he will not seek to be re-elected.

According to The Wall Street, Thiel will now be focusing his efforts on helping the Republican Party elect candidates who align with former President Donald Trump's political agenda. Speaking to Bloomberg, an insider familiar with the situation and Thiel's departure revealed which Republican candidates Thiel will be focused on helping.

“He thinks that the Republican Party can advance the Trump agenda and he wants to do what he can to support that,” a source close to Thiel told Bloomberg. “His focus will be on supporting Blake Masters, JD Vance and others who support the Trump agenda.”

In a press release following the announcement of Thiel's departure, Facebook CEO Mark Zuckerberg applauded him for his work. “Peter has been a valuable member of our board and I’m deeply grateful for everything he has done for our company,” Zuckerberg said. “Peter is truly an original thinker who you can bring your hardest problems and get unique suggestions.”

Thiel also spoke highly of Zuckerberg saying, “His talents will serve Meta well as he leads the company into a new era."

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by