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Thiel sells bulk of remaining holdings in Facebook

Published 11/22/2017, 07:00 PM
Updated 11/22/2017, 07:00 PM
© Reuters.  Thiel sells bulk of remaining holdings in Facebook
  • Billionaire Peter Thiel, Facebook's (NASDAQ:FB) first major investor, sold most of the rest of his stake in the company -- three-quarters of what he had left, as part of a pre-established trading plan.
  • Thiel sold 160,805 shares for about $29M, leaving 59,913 shares.
  • He had sold more than $1B worth before, though, and sold nearly 80% of this then-stake within a few months of the initial public offering, at an average price of $20/share (vs. today's price of $180.50).
  • He had hit the market again last year to sell a little under 1M shares for about $100M.
  • SEC Form 4 filing
  • Now read: Facebook: There'll Be No One To Stop Us This Time


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