Facebook Investor Thiel makes Checkout
Born in Germany with Peter Thiel is an investor from day one, separated by a majority of its remaining shares in the social network. PayPal co-founder of Thiel is also on the board of directors of Facebook, the highest corporate body.
As seen in a stock exchange release, Thiel has sold in the past week, a total of 20.06 million shares. The holding period for former owners had expired on Thursday and the stock plummeted after massive sales further. Sometimes they cost less than half as much as the public in May with $ 38.
Thiel got for his papers now have 19.27 to 20.69 dollars, or a total of about $ 400 million. Despite the slump, Facebook has thus proved for the Internet savvy investor as a gold mine. In 2004, when the social network was still in its infancy, he had invested $ 500,000 in the company and to get a share of about ten percent. For now shares sold Thiel could now still reap about $ 400 million.
Last week, Facebook's share went to the end of the first holding period is plummeting. It lost 6.27 percent on Thursday alone to 19.87 U.S. dollars. On Monday, the stock was up to the close of trading in the U.S., after all, once again increase by 5 percent to 20.011 dollars. In after hours trading, they lost again slightly by 0.15 percent to 19.98 dollars.
For many investors, now is the business model of Facebook into question recently and the company had barely announced projects which could remove the doubts. In recent days, Facebook tried at least with gaming figures to spread confidence: So, the number of players to be on Facebook increased by 8.4 percent year to date. And also those free-to-play games like Facebook are obviously some revenue sources, such as extras and virtual goods.
Especially has been found to be a problem that more and more users access their smartphones on Facebook - here the social network but has difficulty to accommodate advertising. See, however, the main source of Facebook. Facebook called for June, 955 million users who log in at least once a month (Monthly Active Users, MAU), of which 552 million, who pop up even daily (DAU, Daily Active Users). Of the 955 million users now use 543 million Facebook via smartphone or tablet. In the first quarterly figures since its IPO, the company also had to identify the same red.
Long before the IPO, according to dpa Thiel had reduced its stake in Facebook, as more investors rushed into the fast growing company. The IPO itself, he had offered good 16,800,000 shares with a total value of $ 640 million.
Just in the recent past Thiel has thus redeemed a total of about one billion dollars with his Facebook shares. Further 2.2 million shares Thiel handed to partners. So he left after last state of 5.6 million shares currently worth $ 112 million.
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