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Old 29th September 2010, 11:41 PM   #1
Entreprenette
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Default The Story About Facebook Releases Tomorrow In USA

The soon-to-be-released movie about the founding of Facebook is fiction yet many people still don’t realize this.

Most people know that Facebook “isn’t happy” about the movie, however most people don’t realize that it’s actually false. That could explain why the company isn’t exactly happy about the movie, which has received an insane amount of buzz.

Over the past few years, details have slowly leaked out. Very few people will probably ever know the true story.

The most recent set of details come in the form of a set of previously unpublished instant messages in which Mark Zuckerberg explains why he diluted Eduardo Saverin, one of the initial co-Founders, out of the company.

After Eduardo didn’t take an offer to fly out to Palo Alto, Mark decided to push him out of the company. As he said in an intstant message to fellow co-founder Dustin Moskovitz, “He was supposed to set up the company, get funding, and make a business model. He failed at all three.” It’s a legitimate point, and it’s a problem which many co-founders have dealt with. When a “partner” doesn’t participate in the creation of a business, do they deserve an equal share just because that was the intent when an agreement was signed?

The Facebook boss clearly believe that Eduardo Saeverin didn’t deserve the equity. Saeverin was not exactly happy about being diluted out of the business.

The result? A massive hollywood movie based on a story which was pitched to Ben Mezrich by Saeverin and a cool billion dollars. Not a bad deal for someone who wanted to get revenge and simultaneously cash in on one of the hottest internet startups of the past decade.

My sources tell me that the movie is more of an attack on the Facebook founder, than on Facebook.

Has anyone got plans to see the movie this weekend?

Regards

Jo

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Old 4th October 2010, 02:02 PM   #2
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I'm going to check it out soon. Heard it was #1 at the box office over the weekend w/ $23MM??? in ticket sales. If nothing else, it might be a bit motivational for those looking to make it big on the web.

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Old 4th October 2010, 02:04 PM   #3
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What's the big secret? Are they mafia? I mean .....really.

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Old 4th October 2010, 02:19 PM   #4
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I'm sure that Zuckerberg isn't as bad as the movie paints, but he's no angel, either.

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Old 11th October 2010, 12:33 PM   #5
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I saw the movie last night, a heady movie but worthwhile.

Quote:
After Eduardo didn’t take an offer to fly out to Palo Alto, Mark decided to push him out of the company.
According to the movie there was a lot of back n forth, with Mark saying he thought Eduardo needed to be out there otherwise he was concerned that he was going to be left behind. Its an interesting story.

Eduardo had a lot of concerns about monetizing the site. To this day, I think they are legitimate.

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Old 6th December 2010, 03:29 AM   #6
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On a similar note, Zuckerberg gets interviewed on 60 minutes tonight about how FB will be changing a bit. Our profile page changes supposedly quite a bit...

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