Peter Thiel Says Goodbye to Silicon Valley, Amazon Surpasses Microsoft

Billionaire investor Peter Thiel is leaving Silicon Valley and maybe even the board of Facebook. Thiel, a vocal supporter of President Trump, is reportedly growing frustrated over the intolerance of conservatism in Silicon Valley. He is moving his home and investment firms from San Francisco to Los Angeles. The investor will take a step back from the tech industry and is considering leaving the Facebook board. He's been a member since 2005. Amazon officially surpassed Microsoft in market valuation. After the market closed on Wednesday evening, Amazon's market value increased to $702 billion, outpacing Microsoft which stands at $699.2 billion. Apple and Alphabet are still ahead of Amazon in being the most valuable companies. Microsoft is now the fourth most valuable company.

More In Technology

Meta official’s ‘explosive’ memoir about the social media giant

An insider account being billed as an “explosive” memoir about “seven critical years” at Facebook/Meta will be published next week.

Scientists Genetically Engineer Mice with Thick “Wooly Mammoth” Hair

Extinction is still forever. But scientists at a biotech company are trying what they say is the next best thing to restoring ancient beasts.

CIA to offer tips on ‘creative problem solving’ at SXSW festival

The typically tight-lipped CIA is peeling back the curtain on some of its secrets with an upcoming presentation at South By Southwest festival.

Melania Trump: Impact of revenge porn on teens is ‘heartbreaking’

Melania Trump says it’s “heartbreaking” to see teens grapple with the fallout after they’re targeted by malicious and sexually explicit online content.

Woman Suspected in Vandalism of Colorado Tesla Dealership

A woman is suspected in a string of vandalism against a Colorado Tesla dealership that included Molotov cocktails thrown at vehicles.

Microsoft shutting down Skype in May

Microsoft is closing down Skype, the video-calling service it bought for $8.5 billion in 2011.

Musk Has Inside Track to Take Over Contract to Fix Air Traffic System

A satellite company owned by Elon Musk has the inside track to potentially take over a large federal contract to modernize the nation’s air traffic system.

How Air Company Is Powering the Future With CO2

From breakthrough vodka to sustainable jet fuel, Air Company's CEO takes us inside their Brooklyn research lab and talks the future of carbon technology

Open Water CEO Talks About How Her Company’s Bottles Are the World’s Most Sustainable

Open Water CEO, Nicole Doucet, joins Cheddar to discuss how her company is working to eliminate plastic bottles and why aluminum is better for the environment.

As Israel Uses US-made AI Models in War, Concerns Arise About Tech

U.S. tech giants have quietly empowered Israel to track and kill many more alleged militants more quickly in Gaza and Lebanon through a sharp spike in AI.

Load More