Posted Aug. 21, 2012 at 6:01 a.m.

Premium Lock Early investor sells $1 billion in Facebook shares

Published: 2012-08-21 06:01:00
Updated: 2012-08-21 06:01:00

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With an investment of $500,000 in 2004, Peter Thiel is one of the biggest beneficiaries of Facebook's gain before going public. Later backers haven't fared as well, with the stock losing almost half its value since the IPO amid signs that the company's growth is slowing and concerns that more insiders will exit their stakes....

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