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Jan 7, 2022 · Saverin’s 24 percent was a drop from 30 percent, and when Zuckerberg required Facebook to provide 9 million common stock shares, Saverin was cut out completely. The new issuance diluted...
- Media & Entertainment
The Facebook class-action lawsuit payout is a massive total,...
- Media & Entertainment
Mar 19, 2019 · Eduardo Saverin is most famous for two things: cofounding Facebook and leaving America for Singapore. What's gotten a lot less attention is his increasingly sprawling $360 million venture...
Facebook filed a lawsuit against Saverin, arguing that the stock-purchase agreement Saverin signed in October 2005 was invalid. Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebook's money (Saverin's money) on personal expenses over the summer. [22]
May 15, 2012 · This is the story of how Saverin got so angry at Zuckerberg—how, from Saverin's perspective, Zuckerberg screwed him out of a huge chunk of Facebook stock.
Feb 4, 2024 · Saverin moved to Singapore in 2009 and renounced his U.S. citizenship two years later, which resulted in huge savings capital gains taxes when he cashed out his Facebook shares. Saverin...
- Sissi Cao
Dec 21, 2023 · After suing Facebook and reaching a settlement with terms that have never been disclosed, Saverin reportedly owns a two per cent stake in the company. Of course, as the company now known as...
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Eduardo Saverin cofounded Meta Platforms, formerly Facebook, with Harvard classmate Mark Zuckerberg in 2004.
