Peter Thiel is to move his home and his investment firms about 350 miles to Los Angeles JIM WATSON/AFP/GETTY IMAGESPeter Thiel, the technology investor who backed Donald Trump’s campaign for president, is to leave Silicon Valley in an apparent rebuff to the region’s left-leaning politics. Mr Thiel, 50, recently considered giving up his director’s seat at Facebook because of boardroom tension over his support for Mr Trump but decided to stay on, it was reported. A libertarian, Mr Thiel has long supported conservative causes, putting him at odds with the liberal-leaning technology industry and the Democratic politics of California. He donated $1.25 million to Mr Trump’s campaign in 2015 before serving as an adviser on the new president’s transition team. Mr Thiel is to move his home and his investment firms about 350 miles to Los Angeles and reduce his investments in the technology…

Source: The Times February 16, 2018 00:00 UTC