According to Reuters, Thiel, who was Facebook's first major investor, "has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed".
Thiel has been the tech industry's biggest booster of Donald Trump, having donated $1.25 million to Trump's presidential campaign and organized a meeting of tech CEOs with Trump last December. Chief Executive and co-founder Mark Zuckerberg has said he should stay, citing the importance of diversity of opinion at the company. Facebook called his recent sales "routine".
Bank of England pays men 25% more than women, says report
The Bank has published data today (23 November) which shows the median salary for women is 24 per cent lower than the median salary for men.
Representatives for the venture capitalist could not immediately be reached for comment.
This week, it was also reported that Thiel is looking to purchase the remains of Gawker.com, which he helped destroy after funding former professional wrestler Hulk Hogan's lawsuit against the company. He became a Facebook investor in 2004 with an initial investment of $500,000 at a $5 million valuation.
He had hit the market again a year ago to sell a little under 1M shares for about $100M. Facebook shares were down 0.7 percent at $180.59 on Wednesday.
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