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posted by Fnord666 on Friday February 16 2018, @12:53PM   Printer-friendly
from the don't-let-the-door-hit-ya dept.

Netflix's CEO offered to resign from Facebook's board in 2016, citing his fellow board member Peter Thiel's support of Donald Trump:

Netflix CEO Reed Hastings — who called his fellow board member Thiel's support of Trump "catastrophically bad judgment" in an email leaked to the Times — also offered to resign over his disagreement with Thiel, according to a Wall Street Journal report published Thursday. Sources told WSJ that Facebook CEO Zuckerberg declined Hastings' offer to resign. Facebook declined to comment on the matter to Business Insider.

Now, Thiel may resign from Facebook's board instead in the midst of packing up and leaving the Bay area:

The founder of PayPal and a prominent investor in Silicon Valley, Thiel is reportedly moving his investment firms Thiel Capital and Thiel Foundation out of the Bay Area and into Los Angeles this year, according to WSJ.

In L.A., Thiel is also reportedly planning to build "a right-leaning media outlet to foster discussion and community around conservative topics." Thiel bankrolled the lawsuits that eventually forced Gawker Media into bankruptcy, and has been trying to buy Gawker's now-defunct flagship site.

Although Thiel has called Silicon Valley a "one-party state", in the 2016 Presidential election, Hillary Clinton beat President Trump 72 percent to 22 percent in Los Angeles County.

The Guardian also has an article about Thiel's involvement in New Zealand.

Also at Ars Technica, The Mercury News, LA Times, and Vanity Fair.

Related: Peter Thiel Acquires NZ Citizenship and Large Property
Everything Wrong with Peter Thiel's Doomsday Survival Plan
University Could Lose Millions From "Unethical" Research Backed by Peter Thiel
"Black Hole" of Accountability for Drug Trials Flouting FDA Oversight?
Peter Thiel Makes a Bid for Gawker.com


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  • (Score: 2) by HiThere on Friday February 16 2018, @06:50PM

    by HiThere (866) Subscriber Badge on Friday February 16 2018, @06:50PM (#638935) Journal

    Actually, it's usually a mix of luck and skill, with sometimes one predominating and sometimes the other. In the case of Mr. Thiel I think that there was nearly an even balance, but with a bit extra on luck. Still, he didn't achieve his wealth without skill.

    OTOH, his intolerance is something else, which he probably felt less free to make manifest when he was still trying to build his position.

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