Facebook's parent company, Meta, says Peter Thiel, the venture capitalist who helped supercharge the social network's trajectory and later became a vocal supporter of former President Trump, will leave the company's board of directors later this year.
But he also sometimes clashed with other Facebook board members, and his numerous other business interests as an investor in tech startups always threatened to create potential conflicts with Facebook's own business.
In 2016, fellow Facebook board member and Netflix CEO Reed Hastings told Thiel that his support for Trump showed"catastrophically bad judgment" as a director, according toMore recently, Thiel has backed the, an author-turned venture capitalist who embraced much of Trump's populism. Thiel has been a prominent figure in the world of technology and startups for more than two decades, having worked with Elon Musk to build PayPal in the late 1990s before moving on to focus on investing. He has since invested in many successful companies including Palantir and, through Founders Fund, Airbnb, Spotify and SpaceX.
Meta said Thiel would continue to serve as a director until Meta's next annual shareholders meeting. The date of this year's meeting hasn't been announced but the event typically happens in May.Jason Abbruzzese
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