Thursday, October 21, 2021

Hot take: Mark Zuckerberg gave Eduardo Saverin the gift of a lifetime by kicking him out of Facebook in 2005. Saverin doesn’t have to deal with the mess the company is in today.

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. When the movie came out, everyone was talking about how sorry they felt for the real-life Saverin.

When the film came out in 2010, Facebook was still considered cool and new. Everyone used it, and everyone loved it. People envied Mark Zuckerberg. A decade later, everyone hates him and nobody envies him.

But by diluting Saverin's shares down to 0.03%, Mark Zuckerberg accidentally gave Eduardo Saverin the greatest gift of all: the gift of not having to worry or deal with anything the company does. Neither of them knew it was a gift at the time.

Oh, and Saverin doesn't need anyone's financial pity. His current net worth is $10 billion.



Submitted October 22, 2021 at 06:11AM by hawkyeager https://ift.tt/3nldC9X via TikTokTikk

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