Early Life Eduardo Luiz Saverin was born on the 19th of March, 1982, in Sao Paula, Brazil. He is a member of the brotherhood of the Epsilon Pi fraternity. Mark Zuckerberg unceremoniously ousted, and whose departure was made famous by the 2010 movie The Social Network . 1. When did Mark Zuckerberg and Eduardo Saverin cofounded Facebook? At that time, he was studying at Harvard and Elaine at Tufts University. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Saverin eventually sued Facebook over breach of fiduciary duty. Apr 1, 2020. B Capital is growing fast. That stake now stands at close to $5 billion. He attended the Preparatory School of Gulliver in Miami. Singaporeans are spending more as inflation hits the city-state, and the government calls for a deeper response to global headwinds. Since the settlement, Eduardo Saverin has sold more than half of his stake in Facebook and has invested in a few startups with great . Tim McCarver Hall Of Fame: Was Tim McCarver in the Hall of Fame? Facebook and Saverin settled, and he walked away with 4% or 5% of the company. It kept getting diluted from there. People may receive compensation for some links to products and services on this website. His father is a businessman working in real state, shipping, and clothing, whereas his mother is a psychologist. Originally Answered: Why was Eduardo Saverin forced out of Facebook by Mark Zuckerberg? In 2016, Eduardo Saverin-backed Jumio filed for bankruptcy. Saverin and Ganguly have favored companies involved in commerce and logistics, specifically European, Indian and Asian companies that dont make it onto Silicon Valleys radar and where their knowledge of local complexity can help. Now a venture capitalist, he still derives most of his wealth from his small but valuable stake in Facebook. India's startup market is worth betting on, though it's still "a few years" behind China's, Facebook co-founder Eduardo Saverin said. Did Sean Parker live with Mark Zuckerberg? In 1993, the family traveled to the United States to live in Miami. The topline of todays news: Becky Lynch won the first ever all-female WrestleMania final; Facebook cofounder Eduardo Saverin has raised $406 million for his B Capital VC fund; The Forbes Brink List introduces the brightest young stars in venture capital. Founders who meet with Saverin and B Capital in 2019 cant be sure if theyre sitting down with a future Midas List-caliber tech investor or a billionaire dilettante. You might have forgotten about Eduardo Saverin, the Facebook co-founder who C.E.O. In the end, the lawyer was right to worry. That year, Saverin moved to Singapore. Today, hopefully, he doesnt become a user at his age, hes too young. John Hudson. Eduardo Saverin is most famous for two things: cofounding Facebook and leaving America for Singapore. Nov 13, 2020 Who is the worlds third richest person?2019 No. But Saverin and Ganguly are optimistic. Not B Capital, where 30 employees in California (San Francisco and Los Angeles), New York and Singapore pursued a multinational approach from the start. Of this there are no doubts. Miami Yacht Access President, Eduardo Cury, is one of the nations premier yacht brokers. He tried to give back the $19,000, Eduardo had invested on Facebook. In reports this week, Singapore news outlets tied the anonymous buyer, SG Casa, to Facebook co-founder Eduardo Saverin, who lives in Singapore. In addition to that, he is an angel investor based in Singapore. Saverin is the founder of several companies like Bird (scooters), and Bellevue (Software). Saverin counts meteorology among his interests. Facebook cofounder Eduardo Saverin invested in an identity verification service called Jumio. The new issuance diluted Saverins share to below 10 percent from 24. El rey de los hedge funds justifica su posicin bajista en, If it's not on Google it doesn't exist. Gangulys worked with Saverin since 2012, when the friends from their Harvard daysGanguly got his business school degree therereconnected in Singapore. Justin Timberlake (l.) and Jesse Eisenberg in 'The Social Network.' Insiders say Facebook co-founder Eduardo Saverin has gotten a bad rap, and was hesitant to reveal details about the organization. Saverin provides $1,000 in seed funding, allowing Zuckerberg to build the website, which quickly becomes popular. As he speaks via Google Hangout in January, Forbes asks if hes used a Facebook Portal, the video chat device the company launched in October to some criticism. One example: Ninja Van. Education Is eduardo saverin still on the facebook masthead? In the end, the lawyer was right to worry. A 2009 legal settlement gave him an undisclosed stake and the right to be officially referred to as a co-founder on Facebook's website. Deer, on the other hand, will eat over 700, The price of the rabbits is determined by the Flemish Giants quality and age. Their first effort was Velos Partners, an $80 million private equity vehicle with a consumer bent they launched with several other friends. The son of Brazilian parents who relocated to Miami, Saverin was born in So Paulo but grew up affluent in south Florida, attending boarding school there before heading to Harvard, where he made his fateful connection to Zuckerberg while a junior studying economics. After establishing Ho Bee Land as a niche developer of luxury homes for the uber-rich in the Sentosa waterfront enclave, Chua is doubling down overseas with the acquisition of The Scalpel, Londons iconic office tower. It looks to me like they didn't know its CEO had a shady background. If Myspace taught us anything, its that when the worlds largest social media site collapses overnight, it does so effectively. Facebook settlement (2008): The twins reach a settlement with Zuckerberg for $65 million in a mix of Facebook shares and . How much money does Facebook make per user? Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004. SINGAPORE - Facebook co-founder Eduardo Saverin confirmed on Sunday that he married Ms Elaine Andriejanssen late last month. As co-founder, Saverin held the role of chief financial officer and business manager. Eduardo Saverin and Rajarshi "Raj" Ganguly are two of the three cofounders of B Capital Group, a venture capital firm with close to $800 million, split between a first and a second fund (still being raised). Gardeners enjoy their fragrant white, purple, or pink flowers that bloom among dark green heart-shaped leaves. A lawsuit was filed against Eduardo Saverin by Facebook in October 2005. The cookie is used to store the user consent for the cookies in the category "Analytics". May 18, 2012, 12:10 PM. "And he sits with the entrepreneur and starts asking about first-time delivery success rates.. Sep 21, 2022. Taking about Elaines age, she might be in her thirties as shown in the pictures. Its a five-hour plane ride from a large part of the worlds population. His decision to renounce U.S. citizenship the year before the IPO, he says, had more to do with setting up roots in Singapore than paying a lower tax rate on his wealth. Is eduardo saverin still on the facebook masthead? One year after The Social Network aired in theaters, Saverin, who was born in Brazil, renounced his US citizenship. They have been happily married for four years as of 2019 and do not have any signs of divorce or any other marital affair rumors. Zuckerberg's attorney warned Zuckerberg that the dilution might trigger a lawsuit for breach of fiduciary duty. Zuckerberg, his best friend, decided on a much more. Eduardo Saverins current activities are as follows: Oct 2, 2010. Eduardo graduated in economics under Latin honors magna cum laude from Harvard University. No surprise there. Recently renounced his U.S. citizenship and is a now a permanent Singapore resident. He said, One of the things I need to improve in growing up is running this company. Oct 21, 2019. BCG is a passive investor in B Capital, meaning they only call in the consultants when founders ask. Eduardo Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004. Zuckerberg approaches his friend Eduardo Saverin with an idea for the Facebook, a social networking website that would be exclusive to Ivy League students. Aug 21, 2019 While The Social Networks story is full of drama, it isnt a true portrayal of how Facebook was created; for starters, source material cant be taken as completely accurate (more on that later), and Sorkin admitted to changing many details to better match the tone he was looking for. Latest Media & Entertainment News and Updates. Sep 30, 2020Who owns Facebook now Well look at Facebooks top five shareholders based on the number of shares owned below. Today, Instagram has over one billion users and contributes more than $20 billion to Facebooks annual revenue. No, it isnt. Saverin eventually sued Facebook for breach of fiduciary duty. We can see photographs of the Saverin couple in their respective Facebook handles. So Mark's lawyers were looking for arguments against Eduardo which supports the fact that his actions jeopardized the company. It does not store any personal data. Eduardo Luiz Saverin was born in So Paulo, Brazil, to a wealthy Jewish Brazilian family. 3 Did Sean Parker live with Mark Zuckerberg? It was nothing related to the news at the time. He is the son of Roberto Saverin and Sandra Saverin. As of 2021, we estimate Eduardo Saverin's net worth around $12 billion. 5 How much money did Eduardo Saverin raise for B capital? Saverins set up its B Capital venture capital company in Southeast Asia and India in 2015.In 2016, Savingin closed initial agreements in Asia of more than $140 million, including $30 million at the Ninja Van regional logistics firm. As undergraduate at Harvard, Saverin used his interest in meteorology to forecast storm patterns and made $300,000 by investment in oil futures. While an undergraduate at Harvard, Saverin took advantage of Brazils lax insider trading regulations and made $300,000 via strategic investments in the oil industry. Anyone who has seen The Social Network remembers it portrayed Saverin as a victim who was betrayed by his best friend and cut out of the company they had built together. "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network'". Facebook cofounder Eduardo Saverins B Capital Group has appointed Goldman Sachs veteran Sheila Patel as vice chairman as the venture capital firm pursues global expansion, particularly in China. Eduardo Saverin fue la otra mente brillante detrs de esta plataforma, pero la relacin se fue deteriorando con los aos y todo termin en demandas. Today, he focuses on investing in the next wave of technological innovation. In late 2003, Harvard sophomore Mark Zuckerberg asked a Harvard student named Eduardo Saverin, a junior, to deposit $15,000 in a bank account that would be accessible to both of them. The couple engaged on March 27, 2014, and married on June 25, 2015. Eduardo Saverin holds 5 board and advisor roles including Board Member at Kopi Kenangan, Advisor at Golden Gate Ventures, and Board of Directors at Mswipe Technologies. Sep 30, 2020Who owns Facebook now Well look at Facebooks top five shareholders based on the number of shares owned below. [23][24], In 2010, Saverin co-founded Aporta, an online portal for charity. Facebook and Saverin settled, and he walked away with 4% or 5% of the company. [5][35][36] Saverin stated that he renounced his citizenship because of his "interest in working and living in Singapore",[37] and denied that he left the U.S. to avoid paying taxes.[33]. His Romanian-born grandfather, Eugenio Saverin (born Eugene Saverin), is the founder of Tip Top, a chain of childrens apparel stores. He is the grandson of Eugenio Saverin who is the founder of Tip Top which is the chain of childrens clothing shops. Eduardo Saverin received $5 billion worth from Facebook to get the topic into the settlement. For this list, we're looking at all the things that 2010's "The Social Network," starring Jesse Eisenberg, Andrew Garfield, and Justin Timberlake, got factually right and wrong! How did we come to, What was the first social network and why was it not, Jose Luis Sena | Businessman "I would put a cap on Bezos and, Mark Zuckerberg Reveals Prototypes of Facebook's Virtual, Facebook would seek to be more like TikTok and Mark, Se filtr una fuerte discusin entre Benjamn Vicua y Eli Sulichn: Me cans de tus manipulaciones, September series: what to see on Disney +, HBO Max, Amazon Prime Video and more. Then there are more traditional VC-backed companies in healthcare and business software where B Capitals U.S. team pitches its access to BCG. 2 Did Eduardo Saverin actually make 300k? Elaine is of Chinese-Indonesian ancestry, and grew up in Singapore having a comfortable lifestyle as her parents owned many businesses in the country. Mandi is an experienced writer on various topics with a passion for telling stories with words. With its first fund nearly fully committed, B Capital will go out to raise a second fund expected to be twice as large, sources tell Forbes. Then Facebook pulled the rug from under him. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The lawsuit predictably grew to be such a hot topic that a movie was made about it (The Social Network), showing the origin story of Facebook and the fallout between its founders. His US$167 million singapore house is located on Nassim Road, a tree-lined street that is home to a number of foreign dignitaries in the city. 2015 godt 53 millioner aktier i Facebook (ca. May 24, 2019Who is Mark Zuckerbergs best friend? ", "Eduardo Saverin, o brasileiro do Facebook, conta sua histria", "Conhea Eduardo Saverin, o brasileiro que ajudou a fundar o Facebook", "Eduardo Saverin Finally Opens Up: 'No Hard Feelings Between Me And Mark Zuckerberg", "A Facebook Tale: Founder Unfriends Pals on Way Up", "Eduardo Saverin: 10 Things To Know About The Facebook Co-Founder", "Exclusive: Here's The Email Zuckerberg Sent To Cut His Cofounder Out Of Facebook", "Exclusive: How Mark Zuckerberg booted his co-founder out of the company", "Life After Facebook: The Untold Story Of Billionaire Eduardo Saverin's Highly Networked Venture Firm", "Facebook co-founder Eduardo Saverin's new fund closes initial $140 Million for deals in Asia", "Meet Mark Zuckerberg's Harvard Classmate Who Is Trying To Build A Global Startup Factory", "Facebook co-founder Eduardo Saverin backs 'startup generator' Antler", "Facebook Co-Founder Eduardo Saverin Confirms News of Wedding in Facebook Post", "Secret Wedding Celebration Of Facebook Co-Founder Eduardo Saverin Kicks Off", "Eduardo Saverin's lover studied at Raffles Girls' School, Indonesian family runs several businesses", "In Praise of Eduardo Saverin's Tax Avoidance", "5 citizens who left the United States to avoid paying tax", "IPO Will Increase, Not Reduce, His Tax Bill", "Facebook Co-Founder Saverin Fires Back At 'Misinformation', "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network', https://en.wikipedia.org/w/index.php?title=Eduardo_Saverin&oldid=1142686902, This page was last edited on 3 March 2023, at 21:06. "The vibrancy of #SoutheastAsia and the trend of businesses built here having the ability to be market leaders in Asia, U.S. and the emerging world will be a trend that accelerates in this region post pandemic," @esaverin. By his own account, in 2004, he put his life savings into Facebook, of which he had almost 35% of the shares (65% were from Zuckerberg). Now a venture capitalist, he still derives most of his wealth from his small but valuable stake in Facebook.. After Facebook went public, the filing shows that Saverin holds 53,133,360 shares worth a total of $2.18 billion, or just under 2 percent of Facebook's outstanding shares. Across two interviews, Saverin says the company is incredibly close to my heart and shares praise for Zuckerberg and COO Sheryl Sandbergs leadership. Eduardo Saverin is a co-founder of the photo-sharing platform Facebook. Eduardo Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004. Hell work hard to get things right, he says. Wikipedia And And Facts To Know. But he rolls with it, all in the name of furthering what he wants the world to know about the Eduardo Saverin of 2019, the cofounder of B Capital, a rapidly expanding venture capital firm thats on the cusp of taking bigger swings. Website: Biographyscoop.com The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Zuckerberg wrote in an instant message to an unnamed confidant at the time, saying of Saverin, We basically need to sign over our intellectual property to a new company and just take the lawsuit Im just going to cut him out and then settle with him", Zuckerberg during an interview with The Atlantic. [22] In 2009, both suits were settled out of court. Analytical cookies are used to understand how visitors interact with the website. #1 Mark Zuckerberg 29.3% US $54.3 billion (March 2020) In comparison to the time of the IPO (which you can read in full here), when Zuckerberg owned 28.2% of Facebook, Mark Zuckerberg now owns 29.3% of Facebooks Class A shares (NASDAQ:FB). Post-Exit. His wife works in Franklin Templeton Investments as a research analyst. In Washington, some Republican lawmakers have called for him to be denied entry to the United States. In the years since he secured his once-in-a-lifetime stake$2 billion at the time of IPOhes embraced a new role as venture capitalist at B Capital, the firm he cofounded in 2015. One year after The Social Network aired in theaters, Saverin, who was born in Brazil, renounced his US citizenship. So, how old is Eduardo Saverin in 2023 and what is his height and weight? All Rights Reserved. This cookie is set by GDPR Cookie Consent plugin. The third cofounder is legendary investor Howard Morgan. You also have the option to opt-out of these cookies. Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebook's money (Saverin's money) on personal expenses over the summer. Saverin, from a wealthy Brazilian family, hoped to become a member of one of Harvard's secretive final clubs to jump-start his social life. He never left, he says now, because he fell in love with his wife Elaine, a Singapore local whom hed known briefly in his college days when she attended Tufts University and with the city itself. We cover most of the information about Eduardo Saverin as it is difficult to find on other wiki sites. In July 2022, B Capital raised $250 million to invest in early stage startups. Eduardo has been convicted of animal cruelty, they have found. The former Box and Apple executive is joining B Capital in its San Francisco office, giving the firm seven partners. On October 6, 2020, Zuckerberg revealed that he sold 49,750 shares for a total of $13.43 million at a weighted average price of $269.89. Necessary cookies are absolutely essential for the website to function properly. B Capital Groupan investment firm led by Facebook cofounder Eduardo Saverin, legendary investor Howard Morgan and former Bain Capital executive Raj Gangulyraised $250 million from outside investors for its early stage venture capital fund. Facebook filed a lawsuit against Saverin, arguing that the stock-purchase agreements Saverin signed in October 2005 was invalid. Eduardo Saverin, co-founder of Facebook, moved to Singapore in 2009. Being a technology guy, its an exciting place. As of 2021, we estimate Eduardo Saverins net worth around $12 billion. hen Mark Zuckerberg celebrated his IPO by ringing the Nasdaq opening bell from Facebooks California offices in May 2012, his cofounder Saverin was thousands of miles away and out of mind, save for a securities filing detailing that his 53 million shares were converting to common stock. Kopi Kenangan Board Member May 2020. Depending on how you look at it, the life of one of the early facebook investors it can be more like that of a victim or that of a playboy who enjoys his millions and even evaded taxes with an ingenious maneuver. Even after stepping down, Parker continued to remain involved with Facebooks growth and met regularly with Zuckerberg. Unlike his partner, SaverinHe finished his studies and received his doctorate in 2006 with full honors. Finally, Saverin sued Facebook for a denial of trusteeship. More itemsWill Facebook vanish? In the new one, he owned 24%. Saverin bought one and hasnt opened it, but hes optimistic his son, now a toddler, will be one of Facebooks next billion members. Zuckerberg got 40 percent, Saverin 24 percent, Moskovitz 16 percent, and Peter Thiel 9 percent, and the remaining percentages were allotted into an options pool for future employees. Eduardo is 38 years old as of March 2020. Nov 24, 2020 From 2012 to 2020, Facebooks average revenue per user (ARPU) (in US dollars) Advertising revenue per user (in US dollars) 2019 29.25 2018 24.96 2017 20.21 2016 15.98 6 more rows Feb 5, 2021Is Zuckerberg a robot? "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network'". Things turned sour when Saverin (without authorization) ran ads on Facebook for his own startup, a job site called Joboozle. Is Erica Albright a true person? Saverin is worth $5.5 billion. Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebooks money (Saverins money) on personal expenses over the summer. Eduardo Saverin : [leans down close to Mark, his voice low and dangerous] And I'll bet what you hated the most was that they identified me as a co-founder of Facebook, which I am. But venture arms have traditionally been viewed as distractions from the consultancies core businesses and usually are the first projects to get cut when the economy slows. Billionaire Facebook cofounder Eduardo Saverin - the guy everyone now hates because he's renouncing his US citizenship in order to avoid a lot of taxes - hasn't worked at Facebook since 2005.. After his involvement with Facebook, Saverin dabbled at several startup projects before moving to Singapore for what was supposed to be a short stay to help a friend launch a business. There might be statutory mechanisms available, but those statutory mechanisms come with corresponding fiduciary duties and other legal protections. Saverin's father, Roberto Saverin,[14] was a businessman working in clothing, shipping, energy, and real estate. [25] Saverin and Elaine Andriejanssen, an Indonesian national of Chinese descent, became engaged on March 27, 2014, and were married on June 25, 2015. A year later he renounced his American citizenship, reportedly avoiding some $700 million in U.S. taxes. He then attended Harvard University, where he was a resident of Eliot House, a member of the Phoenix S.K. A last-mile logistics provider for delivery services in Southeast Asia, the Singapore-based startup employs 2,000 people and works with 10,000 drivers. We are still so early into making the technologies that will impact the world.. Under a new CEO, Jumio filed for bankruptcy and is now growing fast in a $10B industry. Eduardo Saverin got engaged to Elaine Andriejanssen on 27 March 2014. What was his total settlement after his lawsuit against Facebook? In 2009, he moved to Singapore and in 2011 he renounced his US citizenship in order to avoid paying US$700 million in taxes. Since the arbitration, he signed a non-divulgation deal. Instagram: biographyscoop. He is a Brazilian Internet entrepreneur and active angel investor. B Capitalan investment firm led by Facebook cofounder Eduardo Saverin and former Bain Capital executive Raj Gangulywont pursue an earlier plan to launch a special purpose acquisition company (SPAC). He also owns an Acura TSX and a Volkswagen Golf, as well as this small Honda. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. He also invested in Qwiki and Jumio as an early-stage startup. How much did Eduardo Saverin get in the settlement? Sep 6, 2020, Instagram was bought for $1 billion by Facebook in 2012, which was a shocking sum for a company with 13 employees at the time. Edward Saverin was born in So Paulo, Brazil, in 1982, but spent much of his youth in Miami, as the son of a businessman dedicated to exports. Despite all this, Mark has been fighting for his friend. The cookies is used to store the user consent for the cookies in the category "Necessary". Zuckerberg reduced Saverins stake in the company by 10 percent by creating a Delaware corporation, a new company that would acquire the old company, in 2004. Well, Eduardo Saverin's age is 40 years old as of today's date 26th February 2023 having been born on 19 March 1982. In 2012, via email, he found out that Zuckerberg had reduced his shareholding to 0.03%. Saverin claimed that he had renounced his citizenship on account of his interest in working and living in Singapore where he had been since 2009. Citizenship Before IPO", "United States Securities and Exchange Commission Initial Statement of Beneficial Ownership of Securities - Eduardo Saverin", "Eduardo Saverin's Net Worth Publicly Revealed: More Than $2 Billion in Facebook Alone", "Facebook Co-Founder Eduardo Saverin Invests In Qwiki", "Exclusive: Facebook Co-Founder Eduardo Saverin Leads $6.5M Round For Jumio", "The Social Network: How Jewish is Facebook? Terms of the settlement were not disclosed and the company affirmed Saverin's title as co-founder of Facebook. Forbes says that things could have gone differently had Saverin not fought with Mark Zuckerberg: "Had Saverin retained the 30 percent stake in . [15] His mother, Sandra, was a psychologist. Saverin, Eduardo (October 15, 2010). Financial services are a big focus Eduardo Saverin, @B_Capital_Group, @facebook shares on opportunities in Southeast Asia given its large populations and high mobile penetration. Will it go public? Meanwhile, Facebook has performed admirably, with Zuckerberg as the shows sole authority. And though Mark attempted to put a stop to his attorneys during the deposition. [14], Saverin attended Gulliver Preparatory School in Miami. How do you use the word labyrinth in a sentence. The. Saverin He took legal action and recovered quite a lot: 7% of the share package (it may not seem like much, but it is 7% of a company valued at about US$475 billion). Noting the lack of a dedicated social networking website for Harvard students, the two worked together to launch The Facebook in 2004. After the settlement of suits, Eduardo again signed a non-disclosure contract with the company. Saverin is one of the co-founders of Facebook. More itemsWill Facebook vanish? This incident prompted Facebook investors to pressurize Parker into resigning as the companys president. Updated On Wed Feb 17 2021 Published On Mon Jan 13 2020 By, As per Eduardo Saverins bio, he was born on. The takeaway is that it's not easy for a company to shrink someone's vested ownership. As a part of the settlement, Eduardo stopped talking to the press. Eduardo graduated in economics under Latin honors magna cum laude from Harvard University. Saverin's lawsuit alleged that the stock purchase in 2005 was invalid. Saverin and Radj Ganguly have been working on the implementation of their first $360 million technology fund since B Capital was launched in 2015. Eduardo Saverin (sinh ngy 19 thng 3 nm 1982 ti Sao Paulo, Brasil) l doanh nhn ngi M gc Brasil v l ngi ng sng lp Facebook cng vi Mark Zuckerberg, Dustin Moskovitz v Chris Hughes. The money was paid by Mark Zuckerberg who cheated the shareholder of the company in the first place. On 15 May 2012, Eduardo was cut from Facebook and his stake was diluted by Zuckerberg.
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