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Early investor Peter Thiel's $1 billion sale is unusual for Silicon Valley.
Stocks post-lock-up decline was second biggest since January 2011.
Company will revamp its board, in a victory for activist investor Loeb.
Plan ensures founders control of company, cuts shareholders out of the loop.
Decision would confirm exchange's role as venue for biggest tech companies.
Company already has more than 1,000 shareholders, valuation over $100 billion.