The billionaire investor is reportedly shifting away from the tech industry because of what he sees as its intolerance to conservative points of view, reports the Wall Street Journal. Sources told the Journal that Thiel is relocating his home and personal investment firms from San Fransisco to Los Angeles and has discussed resigning from Facebook’s board. Thiel has increasingly come under criticism by those in the tech industry for his support of Donald Trump. Speaking at a debate about tech and politics at Stanford University last month, Thiel said, “Silicon Valley is a one-party state. That’s when you get in trouble politically in our society, when you’re all on one side.”
collections
NewsletterCurrent IssueRecommender
The apps, books, movies, music, TV shows, and art are inspiring our some of the most creative people in business this month
Strong Female Lead
The struggles and triumphs of prominent women in leadership positions
Productivity
Productivity tips and hacks
Platform Wars
The major tech ecosystems that battle for our attention and dollars
Tech Forecast
What’s next for hardware, software, and services
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business
FastCo.Works Studio
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens
Follow us:
