"Thiel placed into the account 1.7 million shares of then-private PayPal, which were valued at just $0.001 per share." His share of PayPal was worth $1700? Wh

"Thiel placed into the account 1.7 million shares of then-private PayPal, which were valued at just $0.001 per share." His share of PayPal was worth $1700? What nonsense. As as the limit was $2000 and the value of stock in a private company is just made up, not based on what a buyer will pay since you can't buy, it's nonsense. Putting stock of a private company into a Roth IRA never should have been allowed.