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Peter Thiel, one of Facebook’s earliest investors, has taken advantage of the expiration of a lock-up period last week and has sold 22.3 million shares — almost all the stock he owns in the company — according to documents filed with the SEC.
The hitting a new low of $19.69.
Facebook’s stock closed at $20.01 on Monday and was up slightly in afterhours.
Image courtesy of Flickr, David.Orban
Excerpt from:
Peter Thiel Sells Almost All His Facebook Stock
