text: Home > News > Peter Thiel dumps 20.1 million Facebook shares
  Kenny Doan August 21, 2012 0287
  Facebook shares fell below $19 during intraday trading on Monday, but closed at $20.01 before Thiel's sales were known. The billionaire's dump of shares wasn't unexpected as there were already speculations that Thiel would get rid of most of his shares before last Thursday's lock-up agreement.
  Thiel still owns a personal stake in Facebook through his Founders Fund, and so he maintains voting control of those shares. Although Thiel's massive sale of Facebook shares doesn't mean he has completely abandoned the Facebook ship, it does mean that other major investors may also be considering following suit.
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