Peter Thiel Supports Trump, Backed Ethereum's Buterin: 5 Facts You Might Not Know About PayPal, Palantir Co-Founder

Quick Summary:

The company's valuation back then was $4.9 million.Thiel owned 10.2% of the company and held more than 44 million shares when the company held its IPO in 2012.Thiel sold 16.8 million shares in the IPO, making $640 million and would later sell the majority of his position.

Thiel invested $500,000 in the company back in 2004 as the first outside investor.

Peter Thiel is best known to many investors as the co-founder of PayPal Holdings (NASDAQ:PYPL) and Palantir Technologies Inc (NYSE:PLTR).

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets: United States

Topics: Tech 2024 electionn PYPL Top Stories SpaceX Benzinga The Boring Company ETH PLTR Founders Fund Neuralink J.D. Vance Lord of the Rings Elon Musk Education Donald Trump $BTC META J.R.R. Tolkien $ETH KeyProj Peter Thiel Facebook 5 Things You Might Not Know Vitalik Buterin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 20:30:50 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 827 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22394455

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