Peter Thiel just purveyed further Facebook shares, however his large mistake was dumping them in 2012

as informed in Peter Thiel purveyed the majority of his remaining Facebook shares this week, serving as a reminder of how much money he left on the table in a prior sale. According to a filing with the SEC on Tuesday, Thiel purveyed roughly three-quarters of his remaining Facebook stock on Nov. 20, netting him $28.7 million. While Thiel is in no way hurting for cash, he would have been much wealthier had he stashed those Facebook shares away after the 2012 IPO. Instead, as fraction of a pre-arranged plan, he purveyed nearly eighty % of his stake within a few months of the IPO at an rate value of less than $20 a share. Facebook is this time trading at $180.50.

Billionaire Peter Thiel purveys Majority of Facebook Stake, Pocketing $29 Million

Investor and entrepreneur Peter Thiel has purveyed 73% of his remaining shares in , earning $29 mn on the sale. Thiel this time owns 59,913 Class A shares of after he purveyed 160,805 shares on Nov. 20, according to an SEC filing Tuesday. An early Businessman in Facebook, Thiel currently sits on the social-media giant's board, that he premier joined in 2005. Following Facebook's IPO in 2012, Thiel purveyed about twenty mn of the 26 mn Facebook shares he owned at when for $400 million. Thiel too co-founded Palantir Technologies, a data-analytics and antifraud Programming firm valued at $20 billion, in that he owns a significant stake.

Peter Thiel purveys generality of remaining Facebook stake

as declared in (Reuters) - Facebook Inc's premier main Businessman Peter Thiel has purveyed three-quarters of his remaining stake in the social network as fraction of a previously established trading plan, a regulatory filing showed. FILE picture - PayPal co-founder and Facebook board member Peter Thiel delivers his speech on the unite states presidential election at the National Press Club in Washington, U.S., October 31, 2016. When mark Zuckerberg took the firm public in 2012, Thiel purveyed 16.8 mn shares at the IPO for about $640 million. He chock the market once repetition in 2016 to purvey a tiny less than one mn shares for about $100 million. Facebook shares were drop 0.7 % at $180.59 on Wednesday.

collected by :Roy Mark