Dashiell Bennett, writing at The Atlantic Wire, wonders why Peter Thiel, an early investor in Facebook with a $500,000 initial stake, and a member of the board, recently sold more than 20 million shares.
While no one is questioning Thiel's right to take back what he earned, some people are still wondering why a board member would choose to essentially exit the company (financially, at least) so soon after going public. And before regular employees will get the same option. Their shares are "locked up" until at least at October.
... It feels to some like a vote of no confidence from someone who played such a key role in the building of the company and now looks ready to move on to other things.