Peter Thiel cashes out of Facebook

Peter Thiel, an early-stage Facebook investor and co-founder of Paypal, was among the key insiders selling shares after a lockup expired last week.

A SEC regulatory filing shows that Thiel, sold about 20 million shares of Facebook through affiliates such as his Founders Fund and other entities. The shares were sold for between $19.27 and $20.69, for a total of about $396 million.

Peter Thiel is Open For Business

Peter Thiel opens Mithril Capital Management with a $402 million fund


Peter Thiel, co-founder of PayPal and early stage investor in Facebook, has opened up a new venture capital fund based in San Francisco.

Mithril Capital will seek growth opportunities — these will be start-ups that have already received venture funding and are looking achieve significant growth during the next stage.

Peter Thiel stays bearish on the markets

Clarium Capital is a well known "global macro" hedge fund, run by Peter Thiel. They have a great long term record which means they should be listened to, despite their recent short term performance.

The following articles seem to explain what is going on:

WSJ: Pessimism Exacts a Price on the Skeptics

WSJ: PayPal Co-Founder's Fund Struggles

Peter Thiel Profile