Peter Thiel sells one-third of his Facebook shares

By Jennifer Elias

Peter Thiel, Facebook’s first big investor, has sold more than $10 million worth of the company’s shares in the last week — a significant chunk of his surprisingly small remaining stake in the social network.

The billionaire Silicon Valley entrepreneur, who remains on Facebook’s board, sold 60,316 shares of his class A shares, worth about $10.4 million, according to securities documents filed July 28. Facebook stock was trading at $172.26 per share at the time of the sell-off.

As of Facebook’s…

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