Thiel has sold the bulk of what remains to him in Facebook


© Reuters. THIEL HAS SOLD The bulk OF WHAT REMAINS to HIM IN FACEBOOK

(Reuters) – Peter Thiel, which was the first major investor in Facebook (NASDAQ:FB), has sold three-quarters of what he himself remains in the social network, according to a plan previously agreed upon.

A representative of Facebook said that this operation was of pure routine.

Thiel had already sold more than a billion dollars of shares prior to the transaction detailed in a paper stock deposited on Tuesday.

It has focused on 160.805 shares sold for 29 million dollars approximately, leaving Thiel, the participation of 59.913 shares of Facebook class A.

Thiel, who sits on the board of directors of Facebook, is the only big name in Silicon Valley to support the president, Donald Trump. Some have called for his ouster, but the CEO and co-founder Mark Zuckerberg opposes, emphasizing the importance of the diversity of opinions.

The co-founder of PayPal, invested in Facebook in 2004, an amount of $ 500,000.

When Facebook went public in 2012, Thiel sold for $ 640 million shares approximately, and then again to 400 million in the same year and finally to 100 million in 2016.

(Supantha Mukherjee in Bangalore and David Ingram in San Francisco, Wilfrid Exbrayat for the French service)

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