Facebook Inc’s first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.
Thiel, who is a member of Facebook’s board had already sold more than $1 billion worth of its stock before the filing made on Tuesday.
My guess is he recognizes that facebook has too much power over elections and too much of a monopoly over social networking and information distribution. It will have to be broken up and dealt with at some point, even if it is just by forcing it to allow other social networks to integrate with it in some fashion, to democratize the ability of users to choose which company hosts their social account.
In a way, if Donald Trump were to democratize information distribution, using existing anti-trust infrastructure, I could see him being lauded throughout history as a visionary for preventing small cabals from controlling national discourse – especially at such a critical time when the Social Justice Warrior movement was at peak fascistic frenzy, and it controlled these platforms. I’m sure later periods in history will clearly see the threat the left presented to freedom of speech and freedom of thought at this moment.
If the elites were in power, they would merely corrupt facebook, build on its monopoly, and send its value stratospheric. But with the God Emperor in charge, it can’t be left as it is. Trump is changing the entire culture, he can’t just leave this out there destroying the ability of conservatives to get their messages out equally.
If the leftist meddling in social media giants is dealt with, it will be a strong sign President Trump is not an establishment marionette dancing to keep the rabble on the right from getting restless. It will show he is the real deal.
Tell everyone about r/K Theory, the culture that is upstream of politics is changing
We probably haven’t even scratched the surface. Thiel is a very smart guy.