Posted 3/15/2024, 6:43:18 PM
Thiel Cashes Out Over $175 Million in Palantir Shares After Tech Rally
- Peter Thiel sold over $175 million worth of his Palantir shares, the first sale in over 2 years
- Thiel still owns about 7% of Palantir, his largest asset at $3.4 billion
- Palantir shares jumped 31% after reporting first annual profit and higher 2024 earnings forecast
- The increase is boosted by demand for Palantir's AI technology
- Thiel joins other billionaires taking advantage of the tech rally to sell shares after not selling for years