Eduardo Saverin’s Settlement After His Lawsuit Against Facebook
Eduardo Saverin’s Settlement After His Lawsuit Against Facebook
Jan 7, 2022
marketrealist.com
The story of Eduardo Saverin’s shares being diluted in Facebook is one of the most controversial episodes in the company’s early history, showcasing the high-stakes drama of building a tech empire. Saverin, one of Facebook’s co-founders, initially provided critical seed funding and held a significant percentage of the company. However, as Facebook grew, tensions between Saverin and Mark Zuckerberg escalated, ultimately leading to Saverin’s diminished role in the business. In 2005, Saverin’s shar
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The story of Eduardo Saverin’s shares being diluted in Facebook i…
687.4K views11 months ago
FacebookCEO Being CEO
Facebook’s early startup days began in 2004 when Mark Zuckerberg launched “TheFacebook” from his Harvard dorm with $1,000, alongside co-founders Dustin Moskovitz, Eduardo Saverin, Andrew McCollum, and Chris Hughes. Coding in a cluttered room, they hit 1 million users by December 2004. By 2005, they moved to a small Palo Alto office above a Chinese restaurant, with beer pong tables and murals by David Choe, who later earned $200 million in stock. A $500,000 investment from Peter Thiel fueled grow
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20.4K views10 months ago
FacebookCEO Being CEO
In Facebook’s early days, Mark Zuckerberg made a billion-dollar mistake with vesting schedules that nearly cost him control of the company. In 2004, while launching Facebook from his Harvard dorm, Zuckerberg gave co-founder Eduardo Saverin a 30% stake without a vesting schedule, meaning Saverin owned it outright. By 2005, as tensions grew—Saverin was in New York while Zuckerberg diluted Saverin’s stake to 9% during a restructuring to bring in new investors like Peter Thiel, who invested $500,000
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FacebookCEO Being CEO
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timesmojo.com
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