Posted BY: Billy M | NwoReport
Facebook’s first big investor, billionaire Peter Thiel, is reportedly stepping down from Meta’s board effective immediately.
Thiel is leaving the board after 17 years to focus on backing Republican candidates JD Vance and Blake Masters for Senate in the upcoming midterm elections.
Facebook‘s devastating earnings report marked the end of a difficult year for the company, which has been battered by whistleblower allegations, a major global service outage, and protests and controversy over its policies.
Meanwhile, Thiel, who co-founded Paypal in 1998, will turn his attention to candidates supporting the agenda of former President Donald Trump in the 2022 midterm elections.
Last year, he donated $10 million each to two separate super PACs supporting Republican Senate candidates J.D. Vance in Ohio and Blake Masters in Arizona, according to Politico. Both of them have worked for Thiel in the past.
Thiel gave $1.5 million to pro-Trump organizations during the 2016 election. Last spring, he took Vance to meet Trump at the Mar-A-Lago resort, where the former-president-turned-Republican-kingmaker allegedly gave Vance a ‘good-natured ribbing.’