In a piece of recent news, Facebook co-founder Eduardo Saverin is renouncing his American citizenship and staying in Singapore. Presumably he is doing this in order to pay fewer taxes.
Eduardo Saverin is mostly known as one of the main protagonists of The Social Network, a film about the rise of Facebook. In the film Facebook founder Mark Zuckerberg is portrayed quite negatively as a nerd and a plagiarizer. Saverin is depicted as the Guy Who Got Screwed by Zuckerberg after loyally helping build up the company.
The fact that the real Saverin switched citizenship in order to dodge taxes conflicts with the Saverin as depicted in The Social Network. Indeed, Saverin originally was a Brazilian citizen who sought and obtained American citizenship and then renounced it in order to pay fewer taxes. Then you have the lawsuit that he filed against Zuckerberg demanding money from the company. This looks a lot less sympathetic when considered with his actions regarding citizenship.
It’s all very different form the fine upstanding young man who we see in The Social Network. Of course, The Social Network is inaccurate in other ways; the other founders of Facebook apparently don’t exist and the producer deliberately gets wrong everything from the relationship level to the ethnicity of Zuckerberg’s love interest. And in general movies do a poor job of reflecting reality. I’ve always found it magical, for instance, how Hollywood quadruples the percentage of white people in downtown Los Angeles.
But the trick about movies is that they have to be somewhat believable. One has to believe, for instance, that a character would have acted like that in real life. It’s probably fair to say that Saverin’s role would have been dramatically different had The Social Network been released after Facebook’s IPO. The real Saverin sounds kind of like a jerk.
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The newest and third-largest nation in the world - Facebook Nation - is having trouble getting its currency off the ground. Facebook's announcement that Facebook credits will soon be the sole currency for all apps and games, has some of its 500,000 million citizens (i.e. developers) putting up a fight.
But Facebook CEO Mark Zuckerberg better start focusing on national security because other forces are preparing to attack. A web designer has filed a lawsuit against the social networking site claiming that, based on a contract entered in 2003 with Zuckerberg, he is entitled to 84% of Facebook, or $12.6 billion. And a Judge in New York has ruled to freeze the social networking site's assets until the case is resolved.
So Mr. Zuckerberg, how would you like to pay for that? Cash, credit, check or...Facebook credits?
And just when you thought Chatroulette couldn't get any creepier...it has now added a local feature, so you can now tell just how close that person (or body part) really is.
And in world news, China's online population has skyrocketed to "420 million as more people access the Internet with cell phones." The Communist government has renewed Google's operating license, ending the months-long stalemate over Internet censorship and providing momentum for rights groups, such as Human Rights First, in their effort to create an open Internet behind the Great Chinese Firewall.
And that brings us to our "Crush of the Week" where we would like to recognize the brilliant folks over at Old Spice for their new, creative social media marketing campaign that is both entertaining and effective.