Peter Thiel considered leaving Facebook's board

Peter Thiel is reportedly exiting Silicon Valley, and may resign from Facebook's board

"Silicon Valley is a one-party state", Thiel said during a debate over politics and technology at Stanford University, his alma mater.

Thiel, an outspoken conservative, plans to move both his home and investment firms to Los Angeles, in part because he has grown frustrated with the political culture in left-leaning San Francisco and has a growing pessimism about tech businesses, the Wall Street Journal quotes friends of the investor as saying.

He'd not only be moving house into a Los Angeles property he bought six years ago; he'd also move Thiel Capital and Thiel Foundation south as well.

Venture capitalist Peter Thiel considered leaving Facebook's board of directors.

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Thiel, worth $3.8 billion by Bloomberg estimates, has been criticized by many tech industry players in Silicon Valley for helping elect President Donald Trump and secretly financing a lawsuit against tech blog Gawker that resulted in its bankruptcy. But in public, Facebook co-founder and CEO Mark Zuckerberg defended Thiel and said it was important to have "ideological diversity" on the Menlo Park company's board.

Since Trump's election in November 2016, the tech industry has become increasingly intolerant of conservative views, Thiel told the audience.

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. "That's when you get in trouble politically in our society, when you're all in one side". He founded Palantir in 2003, and invested the paltry sum of $500,000 for a 10.2 percent stake in Facebook in 2004.

Last month, a former Google engineer who was sacked after circulating a memo about biological differences between men and women sued the company saying he was discriminated against as a white man with conservative political views.

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