Latest Eduardo Saverin Stories
April Flowers for redOrbit.com - Your Universe Online Facebook went public three months ago, with an IPO opening of $38 dollars a share, which has steadily fallen. The stock price reached an all time low Monday morning of $18.75. Investors and Wall Street are looking for some place to lay the blame for such a poor showing and Mark Zuckerberg, Facebook's founder and CEO, is the natural target. The 28 year old built Facebook from a Harvard University dorm-room project into a publicly...
One of the four co-founders of social networking website Facebook has renounced his US citizenship prior to the company's initial public offering (IPO) -- a move that could save him millions in taxes, according to a Friday report by Bloomberg's Danielle Kucera, Sanat Vallikappen and Christine Harper. As Kucera, Valikappen, and Harper first reported, Brazilian-born billionaire Eduardo Saverin, one of the men who helped Facebook CEO Mark Zuckerberg create the social media juggernaut, has...
SAN FRANCISCO, March 31, 2011 /PRNewswire/ -- Qwiki, Inc. announced today that it has raised an additional $1 million in financing from Lightbank, the investment fund of Groupon co-founders Brad Keywell and Eric Lefkofsky. This brings the company's total amount raised to $10.5 million. Qwiki CEO and Founder, Doug Imbruce, says, "We are obviously excited to work with Eric and Brad. They have invaluable experience in building large-scale consumer facing Internet companies and the ability to...
Have you recently been added to a friends list of the world's top billionaires? Six of the founders and investors of social juggernaut Facebook have. Forbes published on Wednesday the latest list of billionaires and 6 of the newest members join an exclusive list of others made wealthy by the latest gold rush on the internet, Reuters is reporting.Facebook, conceived in a Harvard dorm room in 2004, famously began as an online directory for college students and quickly became the world's best...
Funded by Facebook Co-Founder and Battery Ventures, new web site and Facebook App now available for last minute holiday gifts NEW YORK, Dec. 10 /PRNewswire/ -- Give Real (www.GiveReal.com) today launched both a destination website and its "Real Drinks" Facebook application (http://apps.facebook.com/realdrinks) that allow people to buy real drinks for friends, family, and colleagues anywhere in the country. Give Real offers a fun, creative and secure gifting alternative for the holiday...
Facebook is touting its new "chat" feature this week, but there is one topic the Palo Alto-based Web firm prefers not to discuss: claims that founder Mark Zuckerberg absconded with the Facebook idea from former Harvard schoolmates. Facebook, through a spokeswoman, declined to comment Monday on a New York Times report which, citing an anonymous source, said the company was "finalizing a settlement" with founders of rival ConnectU. Meanwhile, attorneys for both Facebook and...
