Oh dear lord Peter Thiel sold his Facebook.
We should send Peter Thiel to Singapore.
It’s all his fault that $FB is down 50 percent.
He’s a ‘tawdry’ bugger according to Jim Cramer (I admit I had to look up Tawdry).
Sadly, as I wrote about post IPO, the enormous Facebook(sharing) tax has been unleashed. Storing your pictures was not going to be free forever. The ‘social graph’ was just as expensive as Global Crossing and Qwest and Worldcom. Boohoo.
At least it’s built.
Fire your mutual fund or financial advisor for burying you in $FB. If you bought it yourself, own up to your laziness in not taking the first loss.
You can get in front of these taxes, not rolled by them.