Netflix's CEO reportedly offered to resign from Facebook's board after slamming Peter Thiel's support of Trump — but Mark Zuckerberg said 'no'

  • Netflix CEO Reed Hastings reportedly offered to resign from Facebook's board over his disagreement with Peter Thiel's support of then-presidential candidate Donald Trump, according to The Wall Street Journal.
  • Facebook CEO Mark Zuckerberg declined Hastings' offer to resign.
  • Thiel is reportedly scaling back his involvement in Silicon Valley and moving his investment firms to Los Angeles, where he plans to build a "right-leaning media outlet."

In August of last year, The New York Times reported that, in 2016, Peter Thiel's support of then-presidential candidate Donald Trump caused friction among the members of Facebook's board.

Netflix CEO Reed Hastings — who called his fellow board member Thiel's support of Trump "catastrophically bad judgment" in an email leaked to the Times — also offered to resign over his disagreement with Thiel, according to a Wall Street Journal report published Thursday.

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400303 03: Ready-to-be-shipped DVDs roll down an assembly line January 29, 2002 in San Jose, CA. The online DVD rental site Netflix.com has 500,000 subscribers who can rent, receive and return unlimited discs per month by mail. (Photo By Justin Sullivan/Getty Images)
400303 01: Netflix.com Chief Executive Officer Reed Hastings holds a ready-to-be-shipped DVD January 29, 2002 in San Jose, CA. The online DVD rental site has 500,000 subscribers who can rent, receive and return unlimited discs per month by mail. (Photo By Justin Sullivan/Getty Images)
400303 05: Packages of DVDs await shipment at the Netflix.com headquarters January 29, 2002 in San Jose, CA. The online DVD rental site has 500,000 subscribers who can rent, receive and return unlimited discs per month by mail. (Photo By Justin Sullivan/Getty Images)
Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. AFP PHOTO / ROBYN BECK / AFP / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
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Sources told WSJ that Facebook CEO Zuckerberg declined Hastings' offer to resign. Hastings and Thiel are both currently on the Facebook board, though, according to WSJ, Thiel is reportedly discussing "the possibility of resigning" from the board, and is scaling back his involvement in Silicon Valley.

A vocal libertarian, Thiel has called Silicon Valley "a one-party state" and lamented the lack of a conservative presence in the tech industry. He also drew criticism from tech industry leaders when he served as an adviser on Trump's transition team in 2016. 

The founder of PayPal and a prominent investor in Silicon Valley, Thiel is reportedly moving his investment firms Thiel Capital and Thiel Foundation out of the Bay Area and into Los Angeles this year, according to WSJ.

In L.A., Thiel is also reportedly planning to build "a right-leaning media outlet to foster discussion and community around conservative topics." Thiel bankrolled the lawsuits that eventually forced Gawker Media into bankruptcy, and has been trying to buy Gawker's now-defunct flagship site.

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