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.
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