Monday, August 20, 2012
Facebook (FB) Now Less Than Half its IPO Price
Filings with the Securities and Exchange Commission today show that Peter Thiel sold 20.06 million shares of Facebook (FB) for an average of about $20 a share, netting $395.8 million. According to the filing, Thiel sold 20058068 shares at pricesI can't possibly counter all of the crap he spews on FB, but I do my best to interject facts and reason where possible. I've taken care to argue courteously without jeopardizing our friendship; but tonight, I'd had enough. His post:LONDON — It was a warning meant to remind Ecuador that Britain's patience has limits. But as the
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