Peter Thiel is stepping down from the Meta board and will allegedly focus on pro-Trump lobbying

Conservative tech tycoon Peter Thiel is stepping down from the board of Meta, the parent company of Facebook and Instagram, after almost two decades on the job, the business announced on Monday.

The co-founder of PayPal and Palantir plans to quit Meta after its annual meeting in May, according to a press statement from Meta.

According to Bloomberg and The Wall Street Journal, Thiel is stepping aside to focus on furthering his pro-Trump political agenda in the 2022 election season.

The software pioneer, who is worth an estimated $2.6 billion, became Facebook's first outside investor in 2004 and joined the company's board of directors in 2005. Some Facebook employees were irritated by his support for Trump during the 2016 Republican National Convention.

Peter Thiel’s support for Donald Trump ruffled the feathers of some Facebook staffers.
Bloomberg via Getty Images

In the press release confirming Thiel’s exit, Mark Zuckerberg lavished praise on the conservative mogul. 

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

Mark Zuckerberg
Mark Zuckerberg called Thiel an “original thinker.”
AP

Thiel likewise praised Zuckerberg for his “intelligence, energy, and conscientiousness.” 

“His talents will serve Meta well as he leads the company into a new era,” Thiel said 

Thiel is now reportedly expected to focus more of his time on conservative political causes, including senate bids by two of his proteges, Blake Masters and JD Vance, according to the WSJ report.

Donald Trump
Thiel plans to focus on pro-Trump advocacy, according to reports.
Getty Images

Masters and Vance are the Republican senatorial candidates in Arizona and Ohio, respectively. Thiel has spent millions of dollars promoting both candidates' candidacies and has hosted fundraising dinners for both.

"He believes the Republican Party can promote Trump's program, and he wants to do all he can to help," a person close to Thiel told Bloomberg. "His primary focus will be on assisting Blake Masters, JD Vance, and others who support Trump's agenda."

Jeremiah Hall, a spokesperson for Thiel, did not immediately reply to a request for comment.

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