Facebook Director Peter Thiel Cashes In Over 1B Shares
An insider selling shares is never good news for any organization. Thiel, a co-founder of PayPal and a member of the PayPal Mafia, was one of the earliest investors of the social networking site, Facebook. Just after the lock-up on shares of the social networking site ended, Thiel, like some other insiders, sold around 16.8 million shares at the price of $38 a share, which generated him a great amount of $640....