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

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02/21/2013 | 05:18am CEST

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 [email protected]

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

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Financials ($)
Sales 2017 39 210 M
EBIT 2017 18 156 M
Net income 2017 15 987 M
Finance 2017 33 488 M
Yield 2017 -
P/E ratio 2017 32,06
P/E ratio 2018 26,25
EV / Sales 2017 11,8x
EV / Sales 2018 8,81x
Capitalization 495 B
Duration : Period :
Facebook Technical Analysis Chart | FB | US30303M1027 | 4-Traders
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 192 $
Spread / Average Target 12%
EPS Revisions
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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