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This is non-news. The sale was "part of a previously established trading plan" -- VCs set these up all the time to slowly sell off shares in a way that's not di
by vm 9y ago
This is non-news. The sale was "part of a previously established trading plan" -- VCs set these up all the time to slowly sell off shares in a way that's not disruptive to companies. If you owned 10% of a company and sold all that stock in one swoop, you would crater the stock price and piss off employees. Thiel had already sold over a $1B worth of shares by 2016 and FB stock is up 60%+ this year.
- jonknee 9y agoThe first sentence of the story notes that fact, but it is still news since Thiel is a board member. Regardless of when the plan was initiated, it's interesting that Thiel owns so little of FB.
- gscott 9y agoAs a board member he is going to granted a lot of free FB stock in the future. A good problem to have.
- deleted 9y ago[deleted]