Thiel's Facebook Sale Adds to the Damage
Insult to injury. Salt in the wound. Whistling past the losers. Those are the images that come to mind when I read about Peter Thiel's sale of 20 million shares of Facebook (FB) after his lockup expired.
Because these are sensitive issues, let me say up front that Thiel has every right to sell. It's perfectly legal. Second, it's not his fault that the stock has been horrendous. Third, even though he is a director, he can sell a big amount by doing a planned program with the government ahead of time. Fourth, I like Thiel very much. Terrific guy. Inventive. Used to be a great guest on "Kudlow & Cramer."...482 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
