Peter Thiel's Facebook Sales Top $1B Post Lock-Up

Peter Thiel's Facebook Sales Top $1B Post Lock-Up Play

Aug. 21 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Alix Steel reports that Facebook Inc. director Peter Thiel sold most of his stake in the operator of the world’s largest social-networking website, bringing his proceeds to more than $1 billion, after restrictions on insider sales ended. She speaks on Bloomberg Television's "In The Loop."

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