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Comment: Peter Thiel unloads $20.1M of Facebook shares. Good!

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SteveMT's picture

Peter Thiel unloads $20.1M of Facebook shares. Good!

Thiel is a smart guy to get out. Ron Paul could use some more Super PAC money after Tampa!

Aug 20, 2012
Facebook insider Thiel sells 20.1 million shares

An early Facebook investor has taken advantage of "unlocked" shares for insiders and sold more than 20 million shares of the social media giant, a report says.

Peter Thiel, also a director at Facebook, sold most of his stake in the company, Bloomberg News reports.

The hedge fund manager and venture capitalist sold about 20.1 million of his 27.9 million shares on Aug. 16 and Aug. 17, according to Bloomberg News, which cited a filing with the SEC.