Henry Blodgett says he heard that Facebook Co-Founder Eduardo Saverin sold $500 million in Facebook stock.
Read the rest of this entry »

One of the original co-founders of Facebook, Eduardo Saverin, led the $8 million in venture financing of Qwiki. Calling this startup a maker of web query software oversimplifies the curated multimedia presentations that the Internet search tool produces. But because it seems like an obvious improvement over Google, we wonder how this innovation might benefit the leading social network.
Read the rest of this entry »

The Social Network has received six Golden Globe nominations from the Hollywood Foreign Press Association, more than any other movie did this year.
Read the rest of this entry »

Eduardo Saverin, the estranged co-founder of Facebook, has posted on the CNBC Guest Blog sharing his thoughts after seeing The Social Network.
Read the rest of this entry »

We all have skeletons in our closet, but we don’t typically expect those skeletons to emerge and make millions of dollars for other people. It can be a scary situation to face, and if you’ve spent a considerable amount of time building a reputation around a pristine image, then compromising that image isn’t really an option.

That’s part of Valleywag‘s conjectured reasoning for Facebook CEO Mark Zuckerberg having finally made some sort of amends with Eduardo Saverin. A fellow classmate at Harverd, Saverin has had an ongoing feud with Zuckerberg, maintaining that he’s a co-founder of Facebook and deserved some recognition. Now that Ben Mezrich, best-selling author of “Bringing Down the House,” is working on a book detailing the ugly side of Facebook’s beginnings, perhaps Zuckerberg is hoping that settling the score with Saverin will minimalize the amount of material he could have otherwise provided for Mezrich’s upcoming book.
Read the rest of this entry »