‘Peter Thiel Sells Almost All His Facebook Stock’ – ‘Mashable’

The latest post on ‘Mashable’ is titled “Peter Thiel Sells Almost All His Facebook Stock”.

Todd Wasserman says, “Peter Thiel, one of Facebook’s earliest investors, has taken advantage of the expiration of a lock-up period last week and has sold 22.3 million shares — almost all the stock he owns in the company — according to documents filed with the SEC.

The sale, at a price of around $20, means Thiel netted about $446 million and now has another 1.3 million shares left. Thiel was one of many investors to take advantage of last Thursday’s lock-up expiration. The end of that first lock-up period freed up a total of 271 million shares”.

Peter Thiel Sells Almost All His Facebook Stock

Mashable.com