
Billionaire investors Peter Thiel and Marc Andreessen will reportedly leave the board of Facebook and Instagram parent company Meta Inc. (NASDAQ:FB) due to their involvement with Web3 developments.
What Happened: A Friday Business Insider report cited a source familiar with the matter who said: “it would not surprise me even remotely” if Andressen left Meta's board in the next few months. The billionaire investor could leave the social media giant as soon as May, when the next board re-election is held, the report said.