- Social Media
-- Facebook Marketing
---- Facebook: Peter Thiel cashes in stake for $396m
- 11:56 am on Aug 21, 2012
Mr Thiel had already sold shares worth more than $640m during the flotation, taking his total profit to more than $1bn.
Data from financial information firm Markit indicates that the number of investors betting on the shares to fall further - so-called short interest - in Facebook is now at record levels.
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