Peter Thiel

At the Goodwood Festival of Speed, car enthusiasts are buzzing as a legendary 1997 McLaren F1, once owned by Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, is up for display. What Happened: A photo shared on Twitter shows the iconic 1997 McLaren F1 parked on the festival grounds. This is the...

Payment platforms provider PayPal Holdings, Inc‘s stock (NASDAQ:PYPL) has significantly declined from its previous all-time high in mid-2021. Despite the overall tech rally observed since the beginning of the year, the stock has failed to gain momentum, languishing at lows last seen in...

It's been 11 years since Meta Platforms, Inc. (NASDAQ:META), which was earlier known as Facebook, made its public debut. The company and by extension, its stock has had a roller-coaster ride since then, although in the near past, both have found their mojo back. Humble Beginnings: Facebook as a...

PayPal co-founder and billionaire Peter Thiel offered his take on the philosophical side of life in a recent podcast. Thiel expressed interest in finding out how to conquer death in the "Honestly with Bari Weiss," podcast hosted by independent journalist Bari Weiss, Business Insider reported. He...

Billionaire Peter Thiel said that Florida's Republican Governor Ron DeSantis, who has yet to declare his candidacy for the 2024 presidential elections, would make a "terrific president." What Happened: The tech entrepreneur made an appearance in an episode of the "Honestly...

The Republican Party has lost one of its most significant backers, as tech billionaire Peter Thiel says he will no longer be donating to any political effort, including Donald Trump's 2024 presidential campaign. Sources close to Thiel told Reuters that the famed investor declared "on multiple...

For nearly eight decades, if you wished to invest in pioneering businesses like Apple Inc.in the 1970s, Meta Inc. in 2004, or Airbnb Inc. in 2009, you were required to be an accredited investor. This notion originated from a 1933 regulation that established the U.S. Securities & Exchange...

Peter Thiel, co-founder of PayPal Holdings Inc (NASADQ: PYPL) and billionaire venture capitalist founder of Founders Fund, could face legal consequences for his potential involvement in the run on Silicon Valley Bank (NASDAQ: SIVB) earlier this month. What Happened: The sudden withdrawal of...

Block.one, the crypto startup backed by Peter Thiel said on Wednesday that it sold its entire Silvergate Capital Corp (NASDAQ: SI) equity position. What Happened: Block.one said it has exited its equity position in Silvergate following the company's announcement last week that its annual...

Peter Thiel's Founders Fund has advised companies to pull money from SVB Financial Group‘s (NASDAQ:SIVB) bank in the backdrop of concerns about its financial stability, reported Bloomberg, citing people familiar with the matter. The firm told portfolio companies there was no downside to...

As the founder of ChatGPT parent company OpenAI, Sam Altman has seen increased attention in 2023. Altman grew up in St. Louis, Missouri and learned how to program thanks to taking apart a Macintosh computer at the age of 8. Altman has founded several companies, including OpenAI, and pushed forth...

Labeled Bitcoin enemy number one by Peter Thiel, Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett now owns a stake in Bitcoin thanks to one of his investments. What Happened: In June 2021, Berkshire Hathaway invested $500 million in Brazilian digital bank Nubank. Buffett...

Peter Thiel’s venture capital firm Founders Fund has cashed out on its eight-year investment in Bitcoin (CRYPTO: BTC).  What Happened: This comes a month after Thiel extolled the benefits of Bitcoin at a Miami conference. The firm had sold off the vast majority of its...

Billionaire investor Peter Thiel has been identified as one of the prominent shareholders in a bankruptcy court document filed in connection with the collapse of the cryptocurrency exchange FTX. What Happened: Thiel's name has now been publicly linked to the exchange for the first time, joining...

One of the biggest news stories of 2022 was Elon Musk acquiring social media platform Twitter. One of the biggest news stories of 2023 could be who becomes the next Twitter CEO. Here’s a look at how some betting odds for the position and some hypothetical odds are shaping up. What Happened:...