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Peter Thiel sold almost $600 million of Palantir Technologies Inc. stock this week, bringing his total disposals this year to more than $1 billion.

Peter Thiel, the Chairman of Palantir Technologies ( NYSE: PLTR ), sold over $600M worth of the company's stock this week, bringing his total disposals this year to over $1B.

Palantir reported several new contract wins, including a five-year, nearly $100 million contract with the U.S. government. While a large deal, the contract by itself likely won't move the needle for growth.