Search results
Jan 7, 2022 · Mark Zuckerberg cut out his long-term friend and business partner Eduardo Saverin from Facebook. What was Saverin's settlement after his lawsuit?
Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebook's money (Saverin's money) on personal expenses over the summer. In 2009, both suits were settled out of court. Terms of the settlement were not disclosed and the company affirmed Saverin's title as co-founder of Facebook.
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.
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 capital business.
Nov 22, 2023 · This left Mark in charge and he started to issue more shares of the company in the market. By doing so, he caused all existing shares to be worth less, diluting Eduardo's portfolio. However, this move helped the value of Mark's own shares alongside Sean Parker and Dustin Moskowit.
May 17, 2012 · Eduardo Saverin, who left the company after two years, is assessing how best to manage the extraordinary wealth that will come his way in Facebook’s initial public offering.
May 15, 2012 · Pundits are wrong to accuse the Facebook co-founder of exploiting the system; the IRS stuck it to him good and hard. ACCORDING to the internet's hilarious headline writers, Eduardo Saverin, a ...
