Chapter
Betrayal and Legal Bullsh*t on Koh Tao
41:42 - 47:09 (05:27)
The picturesque island of Koh Tao was the backdrop for Eduardo Saverin’s dilution in Facebook’s shares and the complicated legal maneuvering orchestrated by Mark Zuckerberg. Eduardo was led to believe he would own a significant portion of the company at its very start and felt betrayed when it was revealed Mark had other plans.
Clips
The early days of Facebook were filled with legal manipulations and complicated contracts, which allowed the company to dilute Eduardo Saverin's shares from 34% to just 10%.
41:42 - 45:45 (04:02)
Summary
The early days of Facebook were filled with legal manipulations and complicated contracts, which allowed the company to dilute Eduardo Saverin's shares from 34% to just 10%. This raises the risk of potential legal issues and a breach of fiduciary duty.
ChapterBetrayal and Legal Bullsh*t on Koh Tao
EpisodePart One: Mark Zuckerberg: The Worst Person of the 21st Century (So Far)
PodcastBehind the Bastards
This podcast episode discusses the early days of Facebook and an investor named Paul Sieglia who invested $2,000 into Facebook in exchange for some stake in the project.
45:45 - 47:09 (01:24)
Summary
This podcast episode discusses the early days of Facebook and an investor named Paul Sieglia who invested $2,000 into Facebook in exchange for some stake in the project. Zuckerberg eventually cut him out of the business and lied to him about the state of the project to pay back a friend's investment.