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Peter Thiel Whittles Down His Facebook Stake to Just $2 Million

Facebook Inc. Applications Ahead Of Earnings Figures
Photographer: Gabby Jones/Bloomberg

Billionaire Peter Thiel, an early investor in Facebook Inc. who once controlled 45 million shares of the social-media giant, unloaded most of his remaining stake last week.

Thiel, a member of Facebook’s board, sold 53,602 shares held by his Rivendell One LLC for $11 million, leaving him with about $2 million of stock, according to a regulatory filing Friday.