EghtesadOnline: Venture capitalist Peter Thiel will join President-Elect Donald Trump’s transition team, a move that solidifies the Facebook Inc. board member’s power and could help Silicon Valley have a say in the next administration.

EghtesadOnline: Silicon Valley heavyweight Peter Thiel will give $1.25 million as his first donation in support of Donald Trump's campaign after endorsing the U.S. Republican presidential candidate earlier this year, a spokesman for the investor said on Sunday.