Peter Thiel considered leaving Facebook's board
- Author: Kelly Blake Feb 16, 2018,
Feb 16, 2018, 4:55
The only major name in Silicon Valley to back President Donald Trump, some have called for Thiel's removal from Facebook's board. He made a 1.25-million USA dollars donation to help Trump and delivered a keynote speech at the Republican National Convention. The decision underscores a growing divide between the outspoken tech industry conservative and Silicon Valley. A Florida jury awarded $140 million to Hogan in 2016; the suit later was settled for $31 million.
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A Facebook spokeswoman said Thursday the company would have no comment about Thiel.
The 50-year-old Thiel, who also served on Trump's transition team, plans to move into a 7,000 square-foot home that he bought six years ago, which overlooks the Sunset Strip, and will move the headquarters of Thiel Capital and Thiel Foundation to Los Angeles, a personal familiar with the matter told the Journal.
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Los Angeles, home to SpaceX and Snap, offers a more varied ecosystem with diverse influences more likely to lead to innovation, one of the people said. He has gone on to found a handful of investment firms, including Thiel Capital.In early 2017, it was revealed that Thiel convinced New Zealand officials to grant him citizenship-he took his citizenship oath at the New Zealand consulate in Santa Monica, California in 2011-despite the fact that he declared on his own application that he had no intention of living there.
Thiel's newest and most-ambitious project is creating a conservative media empire - an effort that will be easier to accomplish in L.A., according to that same person. Plus, Trump's Treasury Secretary Steve Mnuchin, senior adviser Stephen Miller and former chief strategist Stephen Bannon have backgrounds in Hollywood.
More snow and ice forecast for Sunday
A spokesman said: "A very cold westerly airstream will bring frequent snow showers to many western and central areas on Sunday ". It will clear overnight with wintry showers following and with frost and ice developing.