Peter Thiel's Warning to the Valley

Peter Thiel Donald Trump

Peter Thiel Donald Trump

He also will move Thiel Capital and Thiel Foundation to new Los Angeles headquarters.

Thiel, a hedge fund manager, reportedly has been critical of Silicon Valley-based leadership, who he says has constructed a bubble of prosperity and doesn't seek to understand how the average American family was affected by the disruption of traditional industries, free trade and over-regulation.

Thiel is expected to set up shop in a 7,000-square-foot home overlooking the Sunset Strip. In a 2016 email originally reported by The New York Times, Hastings described Thiel's support of Trump as "catastrophically bad judgment". He made a 1.25-million US dollars donation to help Trump and delivered a keynote speech at the Republican National Convention.

The wrestler, whose real name is Terry Bollea, won the suit and bankrupted the gossip site.

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.

One hospitalized after Fort Meade shooting
US President Donald Trump has been " briefed on the shooting ", AP reports, citing White House spokeswoman Lindsay Walters. Larry Whitley, a spokesman for Fort Meade police, said one person was injured in the incident and taken to a hospital.

The billionaire entrepreneur - a member of the PayPal Mafia, Facebook's first outside investor and venture capitalist with his fingerprints all over Silicon Valley - has always been known for his libertarian views, but what thrust him into the center of the valley's political and cultural wars was his support of President Trump.

Thiel's political leanings came under fire from many in Silicon Valley following the United States presidential election, due to his open support for President Trump. "That's when you get in trouble politically in our society, when".

That includes possibly resigning from the board of Facebook (NASDAQ:FB), according to the report.

That action, if it occurs at all, does not appear to be imminent, but Thiel did sell 73% of his remaining stake in Facebook in November, pocketing nearly $30 million.

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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