Thiel will now reportedly focus on his passion project: spending millions to get Trump supporters he likes elected to Congress
Once and future GOP investor Peter Thiel. Photo: John Lamparski/Getty Images Billionaire investor Peter Thiel announced Monday that he would leave the board at Meta, ending a run with the tech giant formerly known as Facebook that began when he acquired a 10 percent stake in the company in 2004 for a paltry $500,000.
Thiel has had some past success nudging Republicans into office, donating $300,000 to Senator Josh Hawley’s 2018 campaign in Missouri. But the conservative billionaire has stepped up his efforts for this year’s midterms, which he sees as pivotal to changing the country’s direction, according to a source close to Thiel who spoke with the New York Times. Whether he’s spending wisely remains an open question.
Whether or not Thiel’s political investments will be as successful as some of his past $10 million interventions, his departure from Meta means the board loses its most conservative voice and biggest advocate for unrestricted free speech. In October, a year after Facebook banned the Q conspiracy from its sites, he said he would take “QAnon and Pizzagate conspiracy theories any day over a Ministry of Truth.
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