Facebook’s first big investor, Peter Thiel, has sold most of his stake
World BusinessAug 22, 2012
Peter Thiel, one of Facebook's earliest investors and a member of its board, was among the insiders selling stock in the social network after a lockup expired last week.A regulatory filing on Monday said that Thiel, a former CEO at PayPal sold about 20 million shares of Facebook through affiliates such as his Founders Fund and other entities last week. The shares were sold on Thursday and Friday f