Peter Thiel to step down from Facebook’s board

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Peter Thiel to step down from Facebook’s board
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Thiel, an early investor in Facebook, has served on the board of the company, now known as Meta, since 2005, one year after the social network launched. He will serve as a board director until Meta…

File photo: As an early backer of Facebook, Peter Thiel has come to be known as a close adviser and mentor to CEO Mark Zuckerberg.Peter Thiel, one of Facebook’s longest-serving and most controversial board members, plans to step down from the company’s board later this year, the company said Monday.

Thiel, long a polarizing figure in Silicon Valley, co-founded PayPal and data-analytics firm Palantir Technologies, and is a partner at venture capital firm Founders Fund. In addition to Facebook, he was an early backer of a number of other prominent tech firms, including LinkedIn and Yelp. As an early backer of Facebook, Thiel has come to be known as a close adviser and mentor to CEO Mark Zuckerberg.

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