press release on Monday.Thiel, who co-founded PayPal, served on the board of directors for Meta, the parent company of Facebook, since 2005.“Peter has been a valuable member of our board and I’m deeply grateful for everything he’s done for our company,” Mark Zuckerberg, Meta’s CEO, said in the release. “Peter is truly an original thinker who you can bring your hardest problems and get unique suggestions.”“It has been a privilege to work with one of the great entrepreneurs of our time.
Mark Zuckerberg's intelligence, energy, and conscientiousness are tremendous. His talents will serve Meta well as he leads the company into a new era,” Thiel said.
Meta has now lost its board’s conservative viewpoint. The company did not announce who would replace Thiel.Thiel, 54, is seeking to influence the upcoming midterm elections, The New York Times reports.
A person familiar with Thiel’s plans told the Times that Thiel understands that the midterms will be significant for the future of the country and said that he is backing candidates that have supported former President Donald Trump’s agenda.Forbes estimates Thiel has a net worth of $2.6 billion.