Early Facebook Invester Cashes Out Shares for $400 Million

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Is he waiting for his remaining 5 million shares to drop to $10/share?
No wonder these huge corporations go belly up with impulsive executives like this.
 
that guy doesn;t own paypal anymore. he owns some company making spacehips
 
@slabbo it seems he didn't lose any money. In the last paragraph it says he invested $500,000 in facebook early on. He basically sold the shares he got from that time.

So with the 395.8 million he made last week plus the 640.1 million he made selling his shares during the IPO he basically 'won' ~1 Billion dollars out of an investment of a $500,000.

Talk about making money out of a sick cow. lol.

I'm inferring all of this from the article. I don't know anything about the stock market. Anybody that does know please clarify

 
Am I reading this wrong? He invested half a mil to make 400 mil. How is bad investment?
 
Remember when people were saying Facebook is the new MySpace, and others were saying those people were nuts?

They were nuts alright, nuts like a fox!
 
Sure wish i had $500,000 and become a billionaire in 8 years. Then i can buy my very own volcano island somewhere in the pacific.
 
[citation][nom]jupiter optimus maximus[/nom]Sure wish i had $500,000 and become a billionaire in 8 years. Then i can buy my very own volcano island somewhere in the pacific.[/citation]
Sadly volcano islands tend to have very poor internet service...
 
[citation][nom]jupiter optimus maximus[/nom]Then i can buy my very own volcano island somewhere in the pacific.[/citation]

Are all the normal islands taken?
 
Theil didn't loose any money at all, ha made more than a million total on his investments. He was a very early investor in facebook, he converted his initial 500k into well over a million.

-CB
 
[citation][nom]cbfelterbush[/nom]Theil didn't loose any money at all, ha made more than a million total on his investments. He was a very early investor in facebook, he converted his initial 500k into well over a million. -CB[/citation]
He made over a billion in the end of things, not million.
"According to the SEC filing, he raised $395.8 million on last week's sale. This is on top of the $640.1 million he generated in sales during Facebook's initial public offering."
 
[citation][nom]pacioli[/nom]Is he waiting for his remaining 5 million shares to drop to $10/share? No wonder these huge corporations go belly up with impulsive executives like this.[/citation]

big investment can't pull out all at once. their called "big boats" and they have to slowly pull out, if they pull out all at once there are consequence. one of them is that stock security will do a search to see if he has an insider tip. with "small boats" they can speed in and out.
 
[citation][nom]slabbo[/nom]how much did he lose?[/citation]

"invested half a million dollars in Facebook in 2004"

He cleared over a Billion so far. Not a bad ROI...


 
So he already had tons of shares in facebook and just sold them. I thought he bought shares when it IPO'd then sold them back at a lost like the average person. How in the hell did he already buy tons of shares before anyone could buy any?
 
[citation][nom]cbfelterbush[/nom]Theil didn't loose any money at all, ha made more than a million total on his investments. He was a very early investor in facebook, he converted his initial 500k into well over a million. -CB[/citation]
He turned $500,000 into over a billion dollars total.
 
[citation][nom]slabbo[/nom]So he already had tons of shares in facebook and just sold them. I thought he bought shares when it IPO'd then sold them back at a lost like the average person. How in the hell did he already buy tons of shares before anyone could buy any?[/citation]
He invested half a million in Facebook back in 2004, usually when you are an early investor you are guaranteed a certain amount of stock based on how much you gave. Seems this guy had a huge amount of stock and when the IPO went out he sold a huge amount and made 640 million and recently sold more stock that totaled up to 398 million making his total over 1 billion dollars.
 
Ever watch shark tank [or Dragon's Den]? They give people money in exchange for a portion of the company. If I give you $500k for a 5% stake in the company, then if you go public, I still have a 5% stake.
 
[citation][nom]cbfelterbush[/nom]Theil didn't loose any money at all, ha made more than a million total on his investments. He was a very early investor in facebook, he converted his initial 500k into well over a million. -CB[/citation]

Let me fix that for you...

Theil didn't lose any money at all, he made more than a billion...
 
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