One of Facebook's major investors, Peter Thiel, has sold most of his Facebook shares, apparently in face of its adverse performance in the market.

What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

Ever since Facebook became a public company, the social network has run into troubles. Its stock value has dipped considerably and there is a fear that the investors will soon start shedding the shares. Peter Thiel seems to be the first to drop out, having shed majority of his Facebook stocks worth $400 million.


Peter Thiel

Thiel has been one of the major support Facebook has had since the very start. He’s the first outsider who lent Facebook the initial capital in its early days to transform from a college-dorm venture to a full-scale organization.

Thiel is the cofounder of PayPal and has been on Facebook’s board since 2005. When Facebook went public, Thiel actually had 2.5 percent stake in the company. Back then, Thiel was quick to sell some 16.8 million shares but retained the other 27.9 million shares. It may seem that the considerable dip in Facebook’s stock price has worried the popular entrepreneur.

On August 16, Thiel sold another 20,058,068 of his Facebook shares, earning him a cool $400 million as a payout. Naturally, this may worry many Facebook investors since Thiel is the person who has been on Facebook’s side since the very start. So if such an ardent supporter of Facebook is jumping off ship, it will surely trigger panic among other shareholders.

On Aug 16, the first lockup period of Facebook’s stock ended; i.e. pre-IPO investors were finally eligible to trade their Facebook stocks in public. Given the cashing out of one of Facebook’s first outside investor and member of the board, the company will be under pressure of more follow suit.

The big question is, will Facebook be able to handle all this pressure and continue being profitable at the same time. The key to this conundrum seems to lie in its ability to generate revenue from the mobile platform.

Courtesy: Venture Beat

Buy Cheapest Related Product From Amazon.com


ASUS Transformer Pad TF300T Getting Jelly Bean

Developers Can Now Use Facebook Mentions Through Open Graph
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On August 23, 2012(2 years, 2 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Do you know that you can turn a shoe box into a phone projector? Don't believe this? See for yourself inside.
Apple has published a new guide detailing how Android users will be able to switch their contents from Android to iPhone.
The trick will let you to check your Facebook messages in the original app without downloading Messenger and it works with both iPhone or Android phone.
Want to block all disgusting ads from your android device? Read the tutorial to know how you can block ads on your Android and save data.
Want to repair your memory card? It's very easy to fix corrupted or damaged memory card. In fact you can fix it by yourself.
Are you the one who is frustrated because of the speed of your Android device? No worries, the article will help you increase the speed of that device.
Lately, Google has updated its Google Docs. Now users can crop, rotate, and add borders to images in a document without leaving Google Docs.
Adobe CS products are not free, but the good news is you can now download Photoshop CS2 & all other CS2 product completely free and it's absolutely legal.
At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook