Reason.com - Free Minds and Free Markets
Reason logo Reason logo
  • Latest
  • Magazine
    • Current Issue
    • Archives
    • Subscribe
    • Crossword
  • Video
  • Podcasts
    • All Shows
    • The Reason Roundtable
    • The Reason Interview With Nick Gillespie
    • The Soho Forum Debates
    • Just Asking Questions
    • The Best of Reason Magazine
    • Why We Can't Have Nice Things
  • Volokh
  • Newsletters
  • Donate
    • Donate Online
    • Donate Crypto
    • Ways To Give To Reason Foundation
    • Torchbearer Society
    • Planned Giving
  • Subscribe
    • Reason Plus Subscription
    • Print Subscription
    • Gift Subscriptions
    • Subscriber Support

Login Form

Create new account
Forgot password

Facebook

Peter Thiel Sells Majority of His Facebook Stake

The Facebook director cashes out

Reason Staff | 8.21.2012 8:05 AM

Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Facebook Inc (FB: 20.01, +0.96, +5.04%) director Peter Thiel sold roughly 20 million shares in the Internet social networking company last week, cashing out the majority of his stake, according to a regulatory filing.

Thiel sold his shares on Thursday and Friday, at prices ranging between $19.27 and $20.69 per share, as the first "lock-up" barring early investors and insiders from selling shares after the initial public offering was lifted.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

This field is for validation purposes and should be left unchanged.

NEXT: Nick Gillespie in CY Interview: Nothing Will Change if Your Vote for Smaller Government is Taken For Granted.

Reason Staff
Facebook
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Show Comments (0)

Latest

We Don't Need More Federal Intervention in U.S. Cities

J.D. Tuccille | 8.27.2025 7:00 AM

Brickbat: Signal and Noise

Charles Oliver | 8.27.2025 4:00 AM

Compensation for Legal Fees Is a Critical Protection Against Civil Forfeiture Abuses

Jacob Sullum | 8.27.2025 12:01 AM

Brandon Johnson's Chicago Is a Preview of Zohran Mamdani's New York

Christian Britschgi | 8.26.2025 2:00 PM

Trump Promised Lower Electricity Bills. His Trade War Could Drive Them Higher.

Jeff Luse | 8.26.2025 12:40 PM

Recommended

  • About
  • Browse Topics
  • Events
  • Staff
  • Jobs
  • Donate
  • Advertise
  • Subscribe
  • Contact
  • Media
  • Shop
  • Amazon
Reason Facebook@reason on XReason InstagramReason TikTokReason YoutubeApple PodcastsReason on FlipboardReason RSS

© 2025 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300