Facebook’s parent company, Meta, said Monday that Peter Thiel, the venture capitalist who helped supercharge the social network’s trajectory and later became a vocal supporter of former President Donald Trump, will leave the company’s board of directors later this year.
Meta said in a statement that Thiel had decided not to be re-elected to the board. The company did not give a reason.
Thiel has been on the board of directors for Facebook since 2005, a year after CEO Mark Zuckerberg co-founded the company, and he was among its earliest investors.
His influence over Facebook has included not only an early jolt of cash, but also serving as an intermediary to prominent Republicans — he attended a dinner meeting between Trump and Zuckerberg in 2019 — as well as his belief in monopolization as a business strategy.
In a statement, Zuckerberg said Thiel had taught him many lessons.
“Peter has been a valuable member of our board and I’m deeply grateful for everything he has done for our company — from believing in us when few others would, to teaching me so many lessons about business, economics, and the world,” Zuckerberg said.
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