Peter Thiel,
one of
Facebook’s
earliest investors and its longest-serving outside board member, is planning to step down from his position at the social-media giant, parent company
Meta Platforms Inc.
said Monday.
Mr. Thiel intends to focus his efforts on helping Republican candidates supporting the agenda of former President
in the 2022 midterm elections, according to a person familiar with the matter.
Mr. Thiel, a multibillionaire who has made his fortune as one of Silicon Valley’s top venture-capital investors, has served on the tech company’s board since 2005. He became Facebook’s first outside investor in August 2004 by acquiring a stake in the company for $500,000 that earned him hundreds of millions of…
