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Wednesday, April 7, 2010 as of 11:14 AM ET

Peter Thiel

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Peter Thiel

Peter Andreas Thiel (born October 11, 1967) is a German-born American entrepreneur, venture capitalist, and hedge fund manager.

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Facebook's Zuckerberg, Thiel Sell Shares

Facebook Inc.

Chief Executive Mark Zuckerberg has sold 30.2 million shares and director Peter Thiel has sold 16.8 million shares of the social-networking company, according to securities filings published late Tuesday. The sales confirm plans detailed in a prospectus before Friday's $16 billion IPO. Zuckerberg sold 30.2 million shares at a price of $37.58 for gross proceeds of $1.13 billion; Thiel sold 16.8 million shares for gross proceeds of $633 million. Facebook insiders had told prospective shareholders of their plans in an S-1 filing last week. Facebook shares were down 0.8% after hours at $30.74.Copyright © 2012 MarketWatch, Inc....

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