PayPal Co-Founder Peter Thiel Resigning From Meta’s Board of Directors

A file image of Peter Thiel speaking onstage during an event in New York City on Nov. 1, 2018. Michael Cohen/Getty Images for The New York Times

Billionaire tech entrepreneur Peter Thiel is resigning from the board of Facebook’s parent company Meta later this year, the company announced on Monday.

Thiel, a co-founder of online payments system PayPal, was one of the earliest investors in Facebook and joined the company board in April 2005.