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Title : Peter Thiel Sells 73% Of His Remaining Stake Inward Facebook
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Peter Thiel Sells 73% Of His Remaining Stake Inward Facebook

Bailing out earlier a break?

Billionaire Peter Thiel, an early on investor inwards Facebook Inc., sold 73 per centum of his stake inwards the social-media society this week.

Thiel, a fellow member of Facebook’s board, sold 160,805 shares for $29 million, according to a regulatory filing Tuesday.

The transactions are the latest inwards a serial of sales inwards recent years that stimulate got left Thiel, 50, amongst 59,913 shares valued at $11 million.

Facebook shares stimulate got surged 58 per centum this twelvemonth through Tuesday.

(via Bloomberg)

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