Peter Thiel Sells A Majority Of His Facebook Stake

Posted Aug 20, 2012

Early Facebook investor and billionaire founder of Clarium Capital Peter Thiel has sold the majority of the remaining Facebook shares under his name last week according to a financial document filed with the SEC today.  Thiel and his venture capital company Founders Fund sold almost 20.1 million shares last Thursday, which represents 72% of the shares voted by him.  Thiel sold his shares after Facebook’s expiration of a lock-up agreement last Thursday.  Thiel owns a personal stake in Facebook and has voting control of the shares owned by Founders Fund. [Forbes]