Peter Thiel is one of the earliest investor of Facebook, world’s largest social network and there is a report coming from our sources that he has sold 22.3 million shares, you can say that he says good bye to all his shares in Facebook.
But some people saying that he has taken advantage of the expiration of a lock-up period last week. According to a report from All Things D, Last Thursday, Thiel sold around 20.06 million Facebook shares at an average price of $19.73, according to a new filing with the Securities and Exchange Commision.
That divestiture whittles Thiel’s stake in the social neworking phenom down to 5.6 million shares and follows the expiration of the first IPO lockup period on Facebook stock, one that made some 271 million shares in the company eligible for sale last week.
