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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 CET

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

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Financials ($)
Sales 2017 37 829 M
EBIT 2017 21 090 M
Net income 2017 12 825 M
Finance 2017 35 788 M
Yield 2017 -
P/E ratio 2017 30,74
P/E ratio 2018 23,86
EV / Sales 2017 9,40x
EV / Sales 2018 7,10x
Capitalization 391 419 M
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Number of Analysts 48
Average target price 159 $
Spread / Average Target 18%
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NameTitle
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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