As Facebook (FB -3.4%) sells off on news director/seed investor Peter Thiel has cashed out in a...

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XRTrader Comments (588)
 
FB - if you had turned 500k into nearly 1 billion in less than 10 years (and it represented the majority of your personal wealth), wouldn't you cash out and diversify? He's keeping 8 million shares...
21 Aug 2012, 01:49 PM Reply Like

SoldHigh Comments (697)
 
They should thrilled to be selling at any price over single digits imo
21 Aug 2012, 01:55 PM Reply Like

DeepValueLover Comments (5137)
 
Thiel's cost basis?

$0.004 per share.

Yep.

And YOU wouldn't sell?
21 Aug 2012, 02:55 PM Reply Like

DanoX Comments (958)
 
Zuckery continues.
21 Aug 2012, 05:21 PM Reply Like

DanoX Comments (958)
 
Two new terms have been coined in the english language in recent times, if you have been taken on the stock market you have been "Zuckered", or if Bankers, Hedge Funds, or Analysts continue to pitch bad investments or make merriment, The term "Zuckery" can be said to mean that the con continues on, where are the "Muppets"?
21 Aug 2012, 05:40 PM Reply Like

Prognoticator Comments (8)
 
I hear Peter is going to use that cash and pour it into his pet project on promoting less college and more "high school education is enough" campaign. Is there a way to cash in on young entrepreneur camp?
22 Aug 2012, 03:37 PM Reply Like

Will Ray, Jr. Comments (21)
 
I forgot what happens if the stock price goes to zero. Does anyone recall what happens to a public company at that point? They usually end up a part of another company at a single digit price.
26 Aug 2012, 02:11 AM Reply Like