.annawiener considers the influence of Peter Thiel, the first outside investor in Facebook—who, after serving as one of Trump’s biggest donors in 2016, continues to make forays into Republican politics.
have their own fan clubs, but there are no equivalents to Thielian exegesis; few people seem to bother speculating on the intellectual roots of Mark Zuckerberg’s business philosophy. How has a tech investor with esoteric interests captured the imaginations of so many? What is it about Peter Thiel?
By early 2000, PayPal and X had roughly the same market share, and both were losing money. After some discussion, the two companies merged under the X name, with Thiel as the executive vice-president and Musk as the C.E.O. According to Chafkin, Thiel disappeared from the company after the 2000 market crash. But, months later, while Musk was on his honeymoon, a group of senior PayPal employees launched a coup, ousting Musk by threatening to resign, and having Thiel instated as the C.E.O.
In 2004, Thiel invested in Facebook, loaning it what would later translate to a ten-per-cent stake in the company. Around the same time, he organized a small symposium at Stanford on “Politics and the Apocalypse.
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