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Jan 7, 2022 · Mark Zuckerberg cut out his co-founder Eduardo Saverin from Facebook in 2004 and settled with him in 2005. Saverin received $5 billion in shares, which became his main source of wealth.
May 15, 2012 · May 15, 2012, 8:19 AM PDT. Cattias Photos. Facebook co-founder, Eduardo Saverin, no longer works at Facebook. Advertisement. He hasn't since 2005, when CEO Mark Zuckerberg diluted Saverin's...
Users explain how Zuckerberg legally and ethically diluted Saverin's ownership of Facebook from 34% to .03% in The Social Network. They also comment on the movie's inaccuracies and Saverin's role in the company.
May 27, 2012 · On the now infamous e-mail sent by Mark Zuckerberg to another Facebook cofounder, Dustin Moskovitz, in which he discusses how Saverin's stake in the site could be reduced:
Nov 3, 2023 · Eduardo Saverin co-founded Facebook with Mark Zuckerberg, but was fired for his unavailability and lack of contribution. He went on to create several successful ventures, renounced his U.S. citizenship to avoid taxes, and became a billionaire.
Apr 15, 2021 · From the viewer's perspective, it's easy to side and empathize with Eduardo, who is seemingly brushed off and betrayed by his best friend. The reality of what happened is slightly...
Zuckerberg's attorney warned Zuckerberg that the dilution might trigger a lawsuit for breach of fiduciary duty. Facebook filed a lawsuit against Saverin, arguing that the stock-purchase agreement Saverin signed in October 2005 was invalid.
