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Eduardo Luiz Saverin (/ ˈ s æ v ər ɪ n / SAV-ər-in, Brazilian Portuguese: [eduˈaʁdu luˈis saveˈɾĩ] ⓘ; born March 19, 1982) [4] is a Brazilian billionaire entrepreneur and angel investor, known for having co-founded Facebook. [5] In 2012, he owned about 2% of Facebook shares, [6] valued at approximately $2 billion at the time.
He attempts to blame Saverin, prompting Zuckerberg to cut ties with him. In separate depositions, the Winklevoss twins claim that Zuckerberg stole their idea, while Saverin claims his shares of Facebook were unfairly diluted when the company was incorporated. Marylin Delpy, a junior lawyer for the defense, informs Zuckerberg that they will ...
B Capital was founded in 2015 by Facebook co-founder Eduardo Saverin and Raj Ganguly. Saverin had worked with Ganguly since 2012 where they met in Singapore due to mutual acquaintances from Harvard University. In 2015 they came up with the idea of B-Capital around two points of distinction which were a strong footprint in Southeast Asia and a ...
Tax havens are big news in the U.S., but a recent study shows that, when it comes to offshoring cash to dodge taxes, Americans are amateurs. Globally, tax havens are used to hide an estimated $21 ...
Facebook co-founder Eduardo Saverin has received a lot of criticism for his decision to give up his U.S. citizenship and emigrate to Singapore immediately before Facebook's (FB) IPO. But it's not ...
Eduardo Saverin will forever be known for co-founding Facebook 16 years ago with four other Harvard classmates (one of whom is still running the company). The two -- along with three other general ...
The story begins in the weeks that precede the launch of "thefacebook.com" at Harvard. Eduardo Saverin, cast as the protagonist, has befriended Mark Zuckerberg, and both struggle for social acceptance—Saverin by joining a final club, Zuckerberg by creating a website where girls can be ranked according to their looks. Zuckerberg's stunt ...
Stock dilution, also known as equity dilution, is the decrease in existing shareholders' ownership percentage of a company as a result of the company issuing new equity. [1] New equity increases the total shares outstanding which has a dilutive effect on the ownership percentage of existing shareholders.