Peter Thiel sells most of remaining Facebook stake | Reuters

(Reuters) - Venture capitalist Peter Thiel, Facebook Inc’s (FB.O) first institutional investor, has sold three-quarters of his remaining stake in the social network, according to a regulatory filing on Tuesday. FILE PHOTO - PayPal co-founder and Facebook board member Peter Thiel delivers his speech on the U.S. presidential election at the National Press Club in Washington, U.S., October 31, 2016.

Reuters November 22, 2017 23:30:09 IST
Peter Thiel sells most of remaining Facebook stake | Reuters

Peter Thiel sells most of remaining Facebook stake  Reuters(Reuters) - Venture capitalist Peter Thiel, Facebook Inc’s (FB.O) first institutional investor, has sold three-quarters of his remaining stake in the social network, according to a regulatory filing on Tuesday. FILE PHOTO - PayPal co-founder and Facebook board member Peter Thiel delivers his speech on the U.S. presidential election at the National Press Club in Washington, U.S., October 31, 2016. REUTERS/Gary Cameron Thiel, who is a member of Facebook's board, now owns 59,913 Class A shares in the company after selling 160,805 shares for about $29 million. bit.ly/2zd34za Thiel sold roughly 20 million of his 26 million Facebook shares for $400 million following its stock market listing in 2012.

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