Today's Hard|Forum Post
Today's Hard|Forum Post

Monday August 20, 2012

Facebook Director Sold 20M Shares

Normally this is the part where everyone would start criticizing this guy for cashing out stock to the tune of $400M. I say "normally" because, for that kind of money, I can't say I blame the guy. wink

Facebook Inc director Peter Thiel sold roughly $400 million worth of shares in the Internet social networking company last week, cashing out most of his stake, according to a regulatory filing. Thiel sold his shares on Thursday and Friday at average prices ranging between $19.27 and $20.69 per share after the end of the first lockup, which barred early investors and insiders from selling shares following the initial public offering.