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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

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Developments Blog. In March of last year, Matt Jacobson, head of market development at Facebook, paid $10.9 Earlier this year, Mr. Rappaport sold a beach cottage in Malibu to a Facebook executive for $6.8 CEO Terry Semels compound in Malibu for $37 million—Mr. Developers are scrambling to cater to the influx.