Faith or no faith?

Normally if you are a major shareholder in the company, you would likely to holding your shares for good or bad times because you have a vested interest and believe in the company. Well maybe in this era that we are in, we are all interested in making quick bucks rather than believing in the company itself. 

Let's look at the most recent and most prolific company - Facebook. Peter Thiel was the first to sell around $400 million worth of shares after the first restrictions barring insider selling were lifted. Is that a vote of no confidence and triggering more to come? 

Full article here: Facebook's director in spotlight after cashing out

Peter Thiel speaks during a news conference on ''nonprofit, nonpartisan organization dedicated to economic research and innovative public policies for the 21st century'' at the National Press Club in Washington October 3, 2011.

Credit: Reuters/Yuri Gripas

By Alexei Oreskovic

SAN FRANCISCO | Tue Aug 21, 2012 6:58pm EDT

(Reuters) - Peter Thiel was the first investor to take a gamble on Facebook Inc. Now some people are wondering whether, in selling most of his stake, the Facebook board member is signaling to others that it's time to rush for the exits.

Thiel, the co-founder of PayPal who invested in Facebook in 2004, sold roughly $400 million worth of Facebook shares last week as the first restrictions barring insider selling were lifted.

The sales, which were conducted as part of a stock sale plan that Thiel entered into in May, have dealt another blow to Facebook's reputation among some investors in the wake of a rocky debut that has wiped out roughly 50 percent of its market value. And it has raised questions about whether Thiel's move conflicts with his responsibilities as a Facebook director.

"It's a vote of no-confidence from a board member," said Max Wolff, an analyst at Greencrest Capital.

"If he wants to serve primarily as a self-interested investor, that's fine. But then you can't be the on the board. Boards of directors are not made up of people whose primary interests are in their checkbook," said Wolff, who said he believed Thiel should resign from the board.

A spokesman for Thiel declined to comment.