In keeping with the constant news stream surrounding Facebook, investors this week learned that Peter Thiel has sold the vast majority of his stake in the social-networking powerhouse, despite still retaining his board seat. But in the eyes of the Fool's technology editor, the move has been a bit exaggerated in the media. Thiel still owns $112 million of Facebook stock and generally follows the model of a venture capitalist, often buying into companies at an early stage.
After the world's most-hyped IPO turned out to be a dud, most investors probably don't even want to think about shares of Facebook. But there are things every investor needs to know about this company. We've outlined them in our newest premium research report. There's a lot more to this company than meets the eye, so read up on whether there is anything to "like" about it today, and we'll tell you whether we think Facebook deserves a place in your portfolio. Access your report by clicking here.
The article Why Facebook's Biggest Story This Week Wasn't News at All originally appeared on Fool.com.
Andrew Tonner and Austin Smith have no positions in the stocks mentioned above. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. The Motley Fool owns shares of Facebook. Motley Fool newsletter services recommend Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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