Peter Thiel, billionaire investor and one of the biggest names in Silicon Valley, is leaving the tech hub and moving to Los Angeles.
The local City News Service reported Thursday that Thiel, whose net worth is 2.5 billion U.S dollars by Forbes estimates, planned to permanently move himself to a 7,000-square foot (650 square meters) home overlooking the Sunset Strip in Hollywood, a house he purchased six years ago.
In a leaked email obtained by the New York Times last August, Hastings wrote to Thiel, "I'm so mystified by your endorsement of Trump for our President, that for me it moves from "different judgment" to 'bad judgment.'" Hastings criticized Thiel's support, calling it "catastrophically bad judgment" and "not what anyone wants in a fellow board member" in the email.
He made a $1.25 million donation to help elect Trump and spoke on Trump's behalf during the Republican National Convention in 2016.More news: Some Think Google's New Ad-Blocker Plan Is Kind Of Suspicious
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.
In a debate with Hastings at Stanford University last month, Thiel elaborated on his views. He has been harsher in private, criticizing Silicon Valley as "mono-cultural" and "toxic" with a high cost of living and tendency for group think, according to people familiar with his thinking. "That's when you get in trouble politically in our society, when you're all in one side".
While one source told The Journal that there was a good chance Thiel remained on Facebook's board "for now", it appears as if Thiel hasn't made up his mind. He remains on the board of a number of companies, including data-mining firm Palantir Technologies, whose product is used by ICE and US Customs and Border Protection to track illegal immigrants.
In L.A., which is hardly a conservative haven, he could create a right-leaning media outlet, the Journal reports.