We told the interesting life story of Eduardo Saverin, co-founder of the popular social media platform Facebook.
Facebook, which changed its name to Meta in October last year, is considered one of the pioneers of the media system, which has been launched as social media. In addition to its achievements in this field, the company, which has become the focus of criticism especially in recent years due to factors such as privacy and security, also stands out with its interesting establishment story.
We all know that Mark Zuckerberg came to mind first in 2022 when we think of Meta, formerly Known as Facebook. It is worth noting, however, that the company has four other founders who are not very prominent. Especially with The Social Network, which was released in 2010 and focuses on the founding story of Facebook, the life story of Eduardo Saverin, one of the founders of the company, has also become very curious. In this article, we mentioned Saverin’s interesting life story…
Who is Eduardo Saverin?
Eduardo Saverin was born on March 19, 1982, in São Paulo, Brazil. Saverin, who never suffered financially because his father was an industrialist engaged in exports, clothing, real estate and transportation, moved to Miami at an early age and spent his childhood there.
He began his education at Gulliver Preparatory School in Miami and then went to Harvard University, which was touted as one of the world’s leading universities. Saverin, who also invested over $300,000 in oil during his time as a student, was quite different from classical university students in both materiality and entrepreneurship.
In his second year at Harvard University, he met Mark Zuckerberg, who was studying at the same place. The two quickly became friendly and decided to work together on various projects, and decided to establish a social network that allows university students to communicate with others and exchange information.
Of course, the fact that the two had a personal website called “ikissyou.org” in front of them in 1999, such as Mahir Call, known as Mahir, who first announced the concepts of internet phenomenon and social networking to the world, made things a lot easier in terms of concept and idea.
When the dates showed in 2004, Facebook, one of the most popular social media platforms of our time, was officially founded. The platform, which was first developed for students at Harvard University, then started to be used in schools around Boston, and then spread to all schools in the UNITED States a year later, was launched on September 11, 2006 with certain age restrictions on all email addresses worldwide. Until 2006, it was only used with email addresses provided by schools in the country.
Disagreements begin between Saverin and Zuckerberg
Eduardo Saverin, who graduated from Harvard University School of Economics in 2006, when Facebook was made available to the world, began to have violent disagreements and disagreements with his close friend and business partner Mark Zuckerberg as the platform began to make its name. In fact, in 2005, Zuckerberg downgraded Saverin’s Facebook shares, which remain business manager and chief financial officer, from 34 percent to 0.03 percent.
Facebook moved to Silicon Valley in the process, taking on a whole new dimension with the involvement of PayPal co-founder Peter Thiel and Napster founder Sean Parker. Eduardo Saverin’s influence within the company has also diminished greatly after the names supported Zuckerberg as CEO and invested a significant amount in the company.
In the meantime, it is important to remember that Eduardo Saverin sued Facebook after his shares were downgraded. However, this case was resolved not in the courtrooms, but in a secret agreement whose terms were never disclosed. Shortly afterwards, it was officially announced by Facebook that he had been named saverin’s co-founder.
Of course, after that, it’s all about allegations from various sources, especially The Social Network. Zuckerberg even explained that he absolutely dislikes the production in question, that it contains many elements that do not reflect the truth about Facebook, and that some of the details are quite hurtful. So maybe we’ll never know what happened between Eduardo Saverin and Mark Zuckerberg.
Finally, let us state that Eduardo Saverinvoluntarily renounced his US citizenship in 2012 and continued his life today with his new initiatives and investments.