Peter Thiel Once Touched On Selling Facebook Stock Too Early — Palantir Co-Founder Says Misjudged Big Tech's 'Fractal' Path To $1 Trillion

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Billionaire investor Peter Thiel once acknowledged that selling his Meta Platforms, Inc. (NASDAQ:META), which was earlier known as Facebook, shares too early cost him billions.

What Happened: In an appearance on Piers Morgan Uncensored in 2024, Thiel, the PayPal Holdings (NASDAQ:PYPL) co-founder and Facebook's first outside investor, reflected on his 2012 decision to sell most of his Facebook stake during the company's initial public offering.