Billionaire tech investor Peter Thiel relocating businesses, self to LA

16 February, 2018, 07:34 | Author: Larry Hoffman
  • Peter Thiel Donald Trump

Thiel, who founded a conservative publication known as The Stanford Review while in college, went on to found or invest in numerous major Silicon Valley companies.

Thiel is expected to set up shop in a 7,000-square-foot home overlooking the Sunset Strip.

For every $1 donated to Trump's campaign by a tech employee at one of the large firms - Apple, Alphabet, Microsoft, Facebook, and Amazon - Clinton's campaign received $60, according to the Center for Responsive Politics.

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The investor's politics have put him at odds with prominent players in Silicon Valley, including fellow Facebook board member Reed Hastings, chief executive of Netflix, who called Thiel's support of Trump "catastrophically bad judgment".

Thiel also funded a massive libel lawsuit on behalf of former wrestling star Hulk Hogan that shut down the website Gawker, years after Gawker disclosed that Thiel is gay.

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Mr Thiel, 50, recently considered giving up his director's seat at Facebook because of boardroom tension over his support for Mr Trump but made a decision to stay on, it was reported.

Billionaire investor Peter Thiel reportedly is fed with up with all the political antics in Silicon Valley. "That's when you get in trouble politically in our society, when".

Fellow Facebook board member Reed Hastings, CEO of Netflix, in a 2016 email called Thiel's support of Trump "mystifying" and "catastrophically bad judgment" and questioned whether he should remain on Facebook's board, the New York Times reported a year ago. He has been harsher in private, criticizing Silicon Valley as "mono-cultural" and "toxic" with a high cost of living and tendency for group think, according to people familiar with his thinking. He remains on the board of a number of companies, including data-mining firm Palantir Technologies, whose product is used by ICE and US Customs and Border Protection to track illegal immigrants.

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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.


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