Billionaire, tech investor and PayPal co-founder Peter Thiel resign from Meta’s board. Peter Thiel was an early investor in Facebook and has a good relationship with Zuckerberg. Peter Thiel will not be running for re-election at Meta’s 2022 annual shareholder meeting and will step down from the board after the meeting.
Peter Thiel has been on Facebook’s board of directors since 2005, and Facebook’s market value topped $1 trillion, with revenue reaching $117 billion in 2021. Peter Thiel is a strong supporter of Trump, a position that has drawn a lot of controversy for him himself.
Peter Thiel invested $500,000 in thefacebook.com in 2004, and Zuckerberg renamed the company Facebook a year later.