San Francisco | Peter Thiel, the billionaire tech investor and conservative provocateur who has advised Mark Zuckerberg for nearly two decades, will step down from the board of Facebook parent company Meta after its annual shareholder meeting in May.

Mr Thiel, 54, who became a director in 2005 after an early investment in Facebook, plans to increase his political support of former president Donald Trump’s agenda during the November mid-term elections and does not want his political activities to be a distraction for Facebook, according to a person close to him.

Bloomberg