As meta's shareholders rejected most of the proposals at the company's annual meeting on Wednesday local time, Peter Thiel, an early investor in Facebook, left the board of directors of the parent company of social network on that day Thiel's departure was expected. He has been a member of the board of directors since 2005. In February this year, he said he would not seek re-election on the company's board of directors.
Shareholders rejected a measure requiring the company to review the possible human and civil rights harm caused by its new metadata project. Although twitter, a competitive social network, adopted a similar proposal, they also rejected a proposal on reporting concealment provisions, such as confidentiality agreements.
Since meta is majority owned by CEO Mark Zuckerberg, that is, he has controlling voting rights, decision-making is likely to tend to the practice of management. According to MarketWatch, by contrast, 85% voted in favor of executive compensation.
Facebook renamed itself meta last year and turned its business to meta space, an Internet iteration that is expected to have more interaction. The company has produced oculus display hoods for accessing Metaspace work and entertainment.
Thiel is a lightning rod in the field of technology. Thiel, a staunch supporter of Donald Trump, reportedly supports allowing politicians to lie in political advertisements on Facebook. According to the New York Times, the billionaire investor is turning his attention to helping the Republican candidate allied with trump participate in this year's mid-term election.