Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

News SummaryMost relevantAll newsSector news 

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

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

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

React to this article
Latest news on FACEBOOK INC
01:14p EU lawmakers set up temporary tax-dodging panel amid criticism
11/25 Exclusive - Three Goldman bankers leave for Uber as tech world raids Wall St...
11/25 EXCLUSIVE : Three Goldman bankers leave for Uber as tech world raids Wall Street..
11/24 FACEBOOK : and Jumia inspire Nigerian entrepreneurs with growth ideas
11/24 FACEBOOK : and Jumia inspire Nigerian entrepreneurs with growth ideas Facebook a..
11/24DJIBM Turns Up Heat Under Competition in Artificial Intelligence
11/21DJAccused Mastermind of J.P. Morgan Hack a Product of Israel's Internet Underbe..
11/20 Analysis - Snapchat's lackluster ad business threatens $16 billion valuation
11/20 Snapchat's lackluster ad business threatens $16 bln valuation
11/20DJSAMSUNG GEAR VR REVIEW : Virtual Reality Finds Its Atari Moment
News chart
Full-screen chart
Income Statement Evolution
More Financials