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Thiel doesn't need the liquid money and has no reason not to signal that he values the stock extremely highly.
by rms 16y ago
Thiel doesn't need the liquid money and has no reason not to signal that he values the stock extremely highly.
- bl4k 16y agoThat is not the issue with him obviously, but a few reasons why he would sell: a) bring liquidity to the secondary market b) realize some of his gains and book them for his funds figures for this year c) hedge against facebook being at its peak. so eg. if he believes that there is a 10% chance facebook is at its peak now, he can then work out what % to sell to realize max gains based on risk assessment (Thiel is after all a hedge fund manager).