Peter Thiel Is Leaving Meta To Back Pro-Trump Candidates in the Mid-Terms

Pete Thiel, the openly gay pro-Trump multi-billionaire investor and one of Facebook’s earliest backers is leaving the board of the company, now called Meta.

The New York Times: Mr. Thiel, 54, wants to focus on influencing November’s midterm elections, said a person with knowledge of Mr. Thiel’s thinking who declined to be identified. Mr. Thiel sees the midterms as crucial to changing the direction of the country, this person said, and he is backing candidates who support the agenda of former President Donald J. Trump.

Over the last year, Mr. Thiel, who has a net worth estimated at $2.6 billion by Forbes, has become one of the Republican’s Party’s largest donors. He gave $10 million each last year to the campaigns of two protégés, Blake Masters, who is running for a Senate seat in Arizona, and J.D. Vance, who is running for Senate in Ohio.

Mr. Thiel has been on Meta’s board since 2005, when Facebook was a tiny start-up and he was one of its first institutional investors. But scrutiny of Mr. Thiel’s position on the board has steadily increased as the company was embroiled in political controversies, including barring Mr. Trump from the platform, and as the venture capitalist has become more politically active.

“Peter has been a valuable member of our board and I’m deeply grateful for everything he’s done for our company,” Mr. Zuckerberg said in a statement. “Peter is truly an original thinker who you can bring your hardest problems and get unique suggestions.”