Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Facebook Inc    FB   US30303M1027

FACEBOOK INC (FB)

389
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Facebook Inc : Facebook Co-Founder Saverin : Seeing Greater Investment Opportunities in Asia

02/20/2013 | 11:18pm US/Eastern
Recommend:
0

SINGAPORE--Facebook Inc. (FB) co-founder Eduardo Saverin said Thursday he is seeing greater investment opportunities in Asia, especially in areas like mobile.

"The exponential growth in mobile technology" in Asia is creating investment opportunities, Mr. Saverin said at The Wall Street Journal's Unleashing Innovation conference in Singapore.

Mr. Saverin, who hails from a wealthy Brazilian family, launched Facebook with current chief executive Mark Zuckerberg and other Harvard University students in 2004. But he left the company early on, and moved to Singapore in 2009, where he has become a celebrity, followed closely by local fans and reporters. He described Singapore as a "great market" for investment, citing diversity of talent and growing support from the government.

"Today, I'm an angel investor, (an) early-stage investor," he said. "It'll be okay if I don't create another Facebook."

In the 2010 movie "The Social Network," which was based on the genesis of Facebook, Mr. Saverin was portrayed as one of the main characters, along with Mr. Zuckerberg.

Write to Juro Osawa at Juro.Osawa@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news on FACEBOOK INC
15m ago DIGIMARC : Patent Issued for Image-Related Methods and Systems
50m ago FACEBOOK : next growth engines still warming up
1h agoDJFCC's New 'Net Neutrality' Rules Allow for Preferred Traffic -- 3rd Update
2h ago Apple shares jump 8 percent, Asian stocks lag
2h ago Apple shares jump 8 percent, Asian stocks lag
3h ago Media Pioneer Donald Graham Keynote On Accessing The American Dream And Digit..
4h ago Zynga founder Pincus stepping down as chief product officer, will remain chai..
5h ago FACEBOOK : 1st-quarter soar to surpass expectations, CFO to step down
5h ago FACEBOOK : first-quarter revenue grows 72 percent on rising mobile ads
6h ago FACEBOOK : first quarter revenue grows 72 percent on rising mobile ads
Advertisement
Chart
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | 4-Traders
Income Statement Evolution
Facebook Inc : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF