I can't help but chuckle.
Smart man. He would be even smarter if he never bought any to start with though. Oh well, it takes some people a while to realize they made a bad decision.
Umm, it was one of the best decisions he ever made.Originally Posted by RickyJ
He was one of the first people to invest in it. This was before the IPO.
Yeah, the article said he made a billion dollars off of it already.
Oh, I didn't know he was a part owner before it went public, in that case it was a good move to sell at the first opportunity. The stock will be under $10 within a year.
Thiel invested while they were still working from a rental apartment. He didn't buy it, je was a stockholder because he was a venture capitalist He made millions and millions on this deal. Now he has millions to invest in other small companies.
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I blog at Red State Eclectic, I totally tweet here, I sell stuff here, and also here. Liberty rocks!
So I hear. The hype helped him a lot.
His initial investment was only 500k I believe and he got 5-7% of the company. Worth billions.
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