ISSUE – Fab. 16 | Silicon Valley made Peter Thiel billions, now he leaves it for LA

Peter Thiel, the well-known investor who cofounded data-analysis firm Palantir Technologies and who bankrolled the lawsuit that ultimately drove Gawker out of business, has decided that he has had enough of Silicon Valley. Thiel is moving his home address, investment firm, and foundation 400 miles south to Los Angeles, according to the Wall Street Journal. Thiel has also apparently raised the possibility that he will step down from Facebook’s board of directors. [ AT ]

ad ad