PayPal Billionaire Who Was its First Investor Sells Most of His Shares Worth $1 Billion

One of Facebook's first investors has bailed out of the firm and sold 20 million shares.

PayPal billionaire Peter Thiel, one of Facebook's earliest investors and a member of its board, was among the insiders selling stock in the social network after a lockup expired last week, it has emerged. As one of Facebook's initial investors, he invested $500,000 in the company in 2004 .... http://www.dailymail.co.uk