Saturday, 24 February, 2018

Billionaire Trump backer Thiel leaving Silicon Valley over politics

Peter Thiel is reportedly exiting Silicon Valley, and may resign from Facebook's board Peter Thiel considered leaving Facebook's board: report
Sandra Phillips | 15 February, 2018, 20:27

Thiel also apparently purchased an $11.5 million home in nearby Los Angeles the following year, above the famed Sunset Strip.

Peter Thiel, the well-known investor who cofounded data-analysis firm Palantir Technologies and who bankrolled the lawsuit that ultimately drove Gawker out of business, has decided that he has had enough of Silicon Valley.

Thiel is relocating his home and personal investment firms to Los Angeles from San Francisco, the Wall Street Journal reported. Thiel has also apparently raised the possibility that he will step down from Facebook's board of directors.

The only major name in Silicon Valley to back President Donald Trump, some have called for Thiel's removal from Facebook's board. The billionaire venture capitalist was the first outside investor in the $516 billion social network. In a 2016 email originally reported by The New York Times, Hastings described Thiel's support of Trump as "catastrophically bad judgment". But in public, Facebook co-founder and CEO Mark Zuckerberg defended Thiel and said it was important to have "ideological diversity" on the Menlo Park company's board.

Facebook did not respond to a request for comment. He founded Palantir in 2003, and invested the paltry sum of $500,000 for a 10.2 percent stake in Facebook in 2004.

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Tillerson called the package "a signal to the rest of the world that the U.S. -Jordan partnership has never been stronger". But the main opposition body - including the members Tillerson met on Wednesday - boycotted the conference.

Coca-Cola European Partners (CCE) Announces Earnings Results
Moreover, Marietta Investment Partners Ltd Company has 0.09% invested in The Coca-Cola Company (NYSE:KO) for 6,532 shares. In last 4 months performance of BIOA was -85.54% while its price to sale ratio is 0.35 and price to book ratio is 0.03.

"Silicon Valley is a one-party state", Thiel said at a recent debate about tech and politics at Stanford University with Reid Hoffman, fellow venture capitalist and PayPal Mafia member, and co-founder of LinkedIn.

Silicon Valley companies and tech workers overwhelmingly supported Democrat Hillary Clinton in the 2016 election.

Thiel faced heavy criticism a year ago after backing President Donald Trump in the 2016 election and serving on his transition team.

Last month, a former Google engineer who was sacked after circulating a memo about biological differences between men and women sued the company saying he was discriminated against as a white man with conservative political views.

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