Peter Thiel Has Largely Sold All of His Facebook Stock
Peter Thiel’s Founder’s Fund, one of Facebook’s earliest backers, has sold off its remaining shares in the social network.
The action, revealed in a regulatory filing late Monday, leaves the PayPal founder with just 63,550 independently held shares of Class A Facebook stock. That’s just 0.1% of the 44.7 million shares he held in the company when it went public in 2012.
The most recent sale, which occurred last week, brought in $ 4 million. Thiel certainly made quite a profit from its initial investment in Facebook, though. He sold 16.8 million shares when Facebook went public in 2012, pocketing roughly $ 640 million. Later that year, he sold another 20 million shares for $ 400 million.
Thiel was one of the first investors in Facebook, giving Mark Zuckerberg $ 500,000 in mid-2004. He chipped in another $ 12.7 million (with Accel Partners) in May 2005 and was part of a $ 27.5 million round in April 2006.
He remains on the Facebook board, despite some calls for his removal due to his support for Donald Trump.
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