Peter Thiel to step down from board of Facebook parent Meta Platforms

Peter Thiel to step down from board of Facebook parent Meta Platforms

Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, an early investor who has been on the company’s board since 2005, has decided to retire.

Thiel aims to spend time helping elect candidates who he believes will advance former President Donald Trump’s agenda in the U.S. midterms, the Congressional elections this year, a person familiar with the situation said.

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