Peter Thiel might be getting out of Silicon Valley

From Engadget - February 15, 2018

Thiel, a co-founder of PayPal and an early investor of Facebook, has had his hands and his cash in a number of startups and major tech companies, and he's been an influential Silicon Valley figure for decades. But he has not been welcomed by everyone there. His politics, and particularly his support of Donald Trump's campaign and early presidency, ruffled a lot of feathers in the tech world, including those of Facebook board member and Netflix CEO Reed Hastings. The possibility of Thiel leaving Facebook's board came up during the height of Thiel's dispute with Hastings, but Mark Zuckerberg released a statement at the time saying the company was keeping him around because it supported diversity.

But Facebook is not the only company that has come under fire for its involvement with Thiel. Diversity initiative Project Include cut ties with venture incubator Y Combinator because of its connection with Thiel and though it was not clear why, Y Combinator later parted ways with Thiel. Over the last couple of years, Thiel has also left the boards of Zenefits and Asana and has sold off the majority of his stakes in Twilio and Facebook. But he remains involved with other companies, including Palantir Technologies -- a data-mining and analytics company whose tools are used by US Customs and Border Protection as well as ICE to track immigrants in the US.


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