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Venture capitalist Peter Thiel is stepping down from his long-standing role on Meta’s (formerly Facebook’s) board of directors. The New York Times reported the news on Monday, and Meta confirmed it in a press release, saying Thiel would continue to serve until the company’s annual stockholder meeting.
The Times cites an unnamed source who says Thiel is retiring in order to focus on November’s US midterm elections. Thiel didn’t elaborate on his reasons for leaving in an official statement, nor did Meta CEO Mark Zuckerberg. “Peter has been a valuable member of our board and I’m deeply grateful for everything he has done for our company,” said Zuckerberg. “Peter is truly an original thinker who you can bring your hardest problems and get…
