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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 ...
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 ...
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive number of shares into the market (using follow-on offerings) for no particular reason, considerably devaluing share prices until they become almost worthless, causing huge losses ...
From October 2008 to June 2012, if you bought shares in companies when John M. Engler joined the board, and sold them when he left, you would have a 28.4 percent return on your investment, compared to a 44.4 percent return from the S&P 500.
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 ...