Peter Thiel Sells 73% of Remaining Facebook Stake

Billionaire Peter Thiel, an early investor in Facebook Inc., sold 73 percent of his stake in the social-media company this week.

 

In May 2012, Thiel sold 16.8 million shares for $638 million.

In August 2012, Thiel sold almost all of his remaining stake, $395.8 million, for a total of more than $1 billion.

In 2016, he sold a little under 1 million of his shares for around $100 million.

In November 2017 he sold another 160,805 shares for $29 million, putting his holdings in Facebook at 59,913 Class A shares.

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