• Please be sure to read the rules and adhere to them. Some banned members have complained that they are not spammers. But they spammed us. Some even tried to redirect our members to other forums. Duh. Be smart. Read the rules and adhere to them and we will all get along just fine. Cheers. :beer: Link to the rules: https://www.forumsforums.com/threads/forum-rules-info.2974/

Congresswoman Won't Let Mark Zuckerberg WEASAL His Way Out Of Her Question About Tracking People!

300 H and H

Bronze Member
GOLD Site Supporter
Congresswoman Won't Let Mark Zuckerberg WEASAL His Way Out Of Her Question About Tracking People! - YouTube

This fu#ker needs to have his dorky little ass kicked in real hard. In the Presidential election he donated to a left wing non profit, 400 million dollars, more than our Government spends on the entire election. This is a big part of the stolen election that is dividing our nation today. He is an ass, and we need to bust Facebook into a million pieces. Then charge him with a criminal intent under the equal protection clause. Put this idiot in jail for a few years.. Just watch him and the uncomfortable position he is in as the TRUTH is rubbed in his face!
Infuriating to watch this ass, and he is in fact a Democrat. :furious: :gun2_smi:
 

pirate_girl

legendary ⚓
GOLD Site Supporter
If we bust Facebook into a million pieces there are going to be a lot of unhappy people.
Lots of the forum members here are Facebook members.
Zuckerberg only gets what you're willing to put out there.
 

pirate_girl

legendary ⚓
GOLD Site Supporter
He loves how willing people are to give him everything about them!!

Its sad really.......
Are you just like riding on the coattails of Kirk's post, or do you even know a thing about it other than what you see on other forums?
 

300 H and H

Bronze Member
GOLD Site Supporter
If we bust Facebook into a million pieces there are going to be a lot of unhappy people.
Lots of the forum members here are Facebook members.
Zuckerberg only gets what you're willing to put out there.
Your the ridiculous one PG.
If you watch the clip, not only are they tracking FB users, they are tracking anyone they can...
Zuckerberg gave $400 million to a left wing organization, more than our Government spent on the entire election, and your worried about FB. :lmao:
Your off base big time. You are now attacking members here as well.
This is just your bull sh1t. Take it some were else. (y)

If you must as I once suggested put me on ignore. I will do the same to you. Tired of your tired excuses for a corrupt election. If you can not stand the heat get the F$#k of the Kitchen!!!

Regards, Kirk
 

pirate_girl

legendary ⚓
GOLD Site Supporter
Your the ridiculous one PG.
If you watch the clip, not only are they tracking FB users, they are tracking anyone they can...

Your off base big time. You are now attacking members here as well.
This is just your bull sh1t. Take it some were else. (y)

Regards, Kirk
I'm not attacking anyONE.
Man you are like way out there lately full of anger and hateful speech.
My bullshit? Seriously what is wrong with you?
I don't have to take anything anywhere else, but now that you've got me curious.
I know your wife and daughter are on Facebook.
Do you preach the same to them and tell them how to conduct their free lives?
 

300 H and H

Bronze Member
GOLD Site Supporter
Now you are going to drag my family into this... :rolleyes:
So are you saying I have no right to speak my mind? So what if you do not like it. I could care less. Just leave the threads I start alone then.
I have not, nor can I make you post up anti member stuff in my threads. I give hateful speech because I heard it directed at me and all Trump supporters for 4 very long years.

As for my wife and daughters, they are solidly Republican through and through. Have no doubt about that. And all of us feel this was a fraudulent election, every one of us. This is our nation, and it is worth fighting for. My bet is and I know I am right, probably 60 million Americans feel the same way as I do.

this is political discourse, and it is not pretty, nor should it be with the stakes involved. If you want to see the world in rose colored glasses, stay away from this political debate section of the forum. Period.

Did you even bother to open the link in the OP? I thought so......

Regards, Kirk
 

300 H and H

Bronze Member
GOLD Site Supporter
At the very least the section 302 of the communications act, should be revoked. They have definitely become publishers with censorship against Conservatives.
I remember the day when teenagers were committing suicide because of this stupid thing called face book...
IF you take time to read the terms of use, and privacy statements, no one in their right mind would ever have joined!!
For all the good you might claim FB has done, there are many private stories of lives ruined, and in fact ended because of what FB has done over the years. I owe them not one damn thing. In fact I believe we are better off with out these traitors, like Zuckerberg. :furious:

I bet that there are alternatives to FB, and if not now, there certainly will be.. So yes break this FB monopoly up. Our nation would be better off it they had never existed. Not to mention how many teens would still be alive and well with their parents.
I rest my case! :furious:
 

300 H and H

Bronze Member
GOLD Site Supporter
Not quite yet lol...

6 People Mark Zuckerberg Burned On His Way To The Top​


TECH
05/16/2012 08:33 am ET Updated May 17, 2012

6 People Mark Zuckerberg Burned On His Way To The Top​

By Courteney Palis
Sometimes you’ve just gotta play hardball.

Facebook CEO Mark Zuckerberg developed something of a reputation for cutting out business partners as his company rose to prominence.
For example, Business Insider recently published emails and instant message conversations detailing how Zuck elbowed out of co-founder Eduardo Savarin in 2005. In what appears to be a particularly damning email, a 20-year-old Zuckerberg’s outlines his plan to dilute Savarin’s shares down from more than 30 percent without modifying the stakes held by other shareholders.


Now 28 years old, Zuck sits at the head of a powerful company that he will take public on Friday. Based on Facebook’s recent filings with the Securities and Exchange Commission, the IPO is expected to raise as much as $18 billion and could vault the company’s valuation to more than $100 billion.
Since the social network’s beginnings in a Harvard dorm room, the hoodie-wearing CEO has faced his fair share of obstacles, missteps and tough calls along the way. Flip through the slideshow below to read about six people Zuck muscled out in the process.

EXCLUSIVE: How Mark Zuckerberg booted his co-founder out of the company​

Nicholas Carlson
May 15, 2012, 10:19 AM

Mark Zuckerberg

Cattias Photos
Facebook co-founder, Eduardo Saverin, no longer works at Facebook.

He hasn't since 2005, when CEO Mark Zuckerberg diluted Saverin's stake in Facebook and then booted him from the company.
Saverin's exit from Facebook was the central plot of "The Social Network."
Maybe you remember this scene?


"The Social Network" is a work of fiction, of course. But it's based on a true story.

This is that story.
This is the story of how Saverin got so angry at Zuckerberg—how, from Saverin's perspective, Zuckerberg screwed him out of a huge chunk of Facebook stock.
It's also the story of how Zuckerberg solved an early problem at Facebook, one that could have potentially prevented the company from becoming the global behemoth it is today.
The story is sourced from people involved in the founding year of Facebook, people close to Facebook, and documents viewed by Business Insider. It is an update to a previous story of ours, which included previously unpublished emails and instant messages between Mark Zuckerberg and early Facebook colleagues and confidants. This new version includes new material: Previously unpublished email correspondence between Zuckerberg and Facebook's earlEduardo Saverin"A sucker born every day."
In late 2003, Harvard sophomore Mark Zuckerberg asked a Harvard student named Eduardo Saverin, a junior, to deposit $15,000 in a bank account that would be accessible to both of them. The money, Mark promised, would go toward the servers needed to host a site that Mark wanted to develop. The site would be called TheFacebook.com. Eduardo agreed.

Why did Zuckerberg choose Saverin to be his first business partner?
Zuckerberg, Facebook, and Saverin declined interview requests for this story, but we can infer some of Zuckerberg's thinking from instant messages he wrote during the time.
In one IM to a friend, Zuckerberg described his new partner, Saverin, as the "head of the investment society." Saverin was rich, Zuckerberg went on to say, because "apparently insider trading isn't illegal in Brazil."
Zuckerberg also partnered with Saverin because Saverin gave the impression he knew something about business. Saverin was the kind of guy who wore suits to class at Harvard, and he left people—including Zuckerberg—with the impression that he was connected to the Brazilian mafia.

In another IM conversation, this one from January 8, 2004, Mark described the arrangement this way:
Zuckerberg: Eduardo is paying for my servers.

Friend: A sucker born every day.

Zuckerberg: Nah, he thinks it will make money.

Friend: What do you think?

Zuckerberg: Well I don't know business stuff

Zuckerberg: I'm content to make something cool.
So Zuckerberg appears to have approached Saverin because Saverin had money and a vision for how to make more of it. Zuckerberg, meanwhile, wanted to "make something cool."
With Saverin's money paying for the servers, TheFacebook.com went live in February 2004. It was an instant sensation at Harvard. Students from other schools quickly clamored for the site's expansion, and Mark and his colleagues obliged.

By April, the site was doing so well that Zuckerberg, Saverin, and a third Harvard sophomore named Dustin Muskovitz formed The Facebook as a limited-liability company (LLC) under Florida law. Two months later, on June 10, 2004, a Harvard commencement speaker mentioned the amazing popularity of thefacebook.com.
It was the high point in the relationship between the cofounders. Things quickly went south from there.

Eduardo Saverin"I maintain that he fucked himself"​

Six months after thefacebook.com launched, as the summer of 2004 began, Zuckerberg and Moskovitz moved to Palo Alto, California where they planned to work on TheFacebook.com in a rented house. Saverin went to New York for an internship at Lehman Brothers.
According to instant messages from this period, before Zuckerberg left for the West Coast, he asked Saverin to work on three things: "to set up the company, get funding, and make a business model."

Almost immediately after the move, the relationship between cofounders began to fray.
At first, it was just a cultural divide. One awkward IM exchange reveals how different Zuckerberg's life in Palo Alto was compared to Saverin's life back on the East Coast:
Saverin: So you guys go out a lot to partiens [sic] and such there?

Zuckerberg: But in general we don't do fun things.

Zuckerberg: But that's OK because the business is fun.

Saverin: Lol yeah it is fun. No fun things though?

Zuckerberg: Eh, enough.
But then Saverin did something that really pissed Zuckerberg off: He ran unauthorized ads on Facebook.

Worse, the ads were for a startup Saverin was running entirely on his own, a job boards site called Joboozle.
Zuckerberg blasted Saverin for this in an email:
You developed Joboozle knowing that at some point Facebook would probably want to do something with jobs. This was pretty surprising to us, because you basically made something on the side that will end up competing with Facebook and that's pretty bad by itself. But putting ads up on Facebook to advertise it, especially for free, is just mean.
What finally ruined the relationship between Saverin and Zuckerberg for good was Facebook's need for funding.
 

300 H and H

Bronze Member
GOLD Site Supporter
As that first summer went on and TheFacebook.com grew more popular than anyone imagined, the company needed money to keep running. Finding investors wasn't hard. As early as July, Silicon Valley bigwigs like Mark Pincus, Reid Hoffman, and Peter Thiel were lining up to give Mark cash. Things were going so well, in fact, that Mark soon decided to commit to the company and not return to Harvard for his junior year.
What was hard, however, was getting Facebook co-founder Saverin's attention, getting him to make a decision, and getting him to sign off on the reformation of Facebook as a company under Delaware law —a crucial step before any funding deals could be completed.
At one point, Zuckerberg emailed Saverin to offer him frequent flyer miles if it would get him out to Palo Alto. Saverin didn't take the offer. The situation soon became critical, because without financing, TheFacebook.com would end up running on Zuckerberg family loans.
Eventually, Zuckerberg decided to solve the problem by cutting Saverin out of the company.

In an IM with Moskovitz, Zuckerberg explained why:
I maintain that he fucked himself…He was supposed to set up the company, get funding, and make a business model. He failed at all three…Now that I'm not going back to Harvard I don't need to worry about getting beaten by Brazilian thugsSean Parker Ellis Hamburger, Business Insider"I'm just going to cut him out."
When Zuckerberg and Moskovitz moved out to Palo Alto in June 2004, they ran into Sean Parker, an Internet startup kid best known for cofounding Napster. Parker soon joined TheFacebook.com.
Parker's first task was to do one of things Saverin was supposed to do, but hadn't yet: help Facebook find money. Parker had raised money for Napster and he knew his way around Silicon Valley. He quickly proved himself capable. For Zuckerberg, this only reinforced the idea that Saverin was expendable.

The only problem was: How would Zuckerberg cut Facebook's third-biggest stakeholder and co-founder out of the company?
In an IM exchange with Parker after a meeting with Peter Thiel, who would soon become Facebook's first outside investor, Mark and Sean discussed the Saverin problem. Zuckerberg hinted at a hardball solution, one based on some "dirty tricks" used by Peter Thiel.
Thiel had learned these tricks, Parker said, from one of the most legendary venture capitalists in the Valley, Michael Moritz of Sequoia. Sequoia has funded Google, Yahoo, PayPal, Zappos, and many other massive tech companies.
Parker: Peter [Thiel] tried some dirty tricks. All that shit he does is like classic Moritz shit.

Zuckerberg: Haha really?

Parker: Only Moritz does it way better.

Zuckerberg: That's weak.

Parker: I bet he learned that from Mike.

Zuckerberg: Well, now I learned it from him and I'll do it to Eduardo.

In later emails and IMs, we learn what "dirty tricks" Zuckerberg intended to pull to get TheFacebook.com funding without having to wait for sign-off from Saverin.
His plan: Reduce Saverin's stake in TheFacebook.com by creating a new company, a Delaware corporation, to acquire the old company (the Florida LLC formed in April), and then distribute new shares in the new company to everybody but Saverin. Mark discussed this plan with confidants over IM several times.
Here's one instance:
Confidant: How are you going to get around Eduardo?

Zuckerberg: I'm going to buy the LLC

Zuckerberg: And then give him less shares in the company that bought it

Confidant: I'm not sure it's worth a potential lawsuit just to redistribute shares. You have nothing to gain.

Zuckerberg: No I do because until I do this I need to run everything by Eduardo. After this I have control

In another, Mark writes:
"Eduardo is refusing to co-operate at all…We basically now need to sign over our intellectual property to a new company and just take the lawsuit…I'm just going to cut him out and then settle with him. And he'll get something I'm sure, but he deserves something…He has to sign stuff for investments and he's lagging and I can't take the lag."
Zuckerberg pulled the trigger, sending an email to his lawyer telling him to put the plan into effect.
In this previously unpublished email, Zuckerberg writes of Saverin: "Is there a way to do this without making it painfully apparent to him that he's being diluted to 10%?"

In response, Zuckerberg's lawyer issues a prescient warning:
"As Eduardo is the only shareholder being diluted by the grants issuances there is substantial risk that he may claim the issuances, especially the ones to Dustin and Mark, but also to Sean, are a breach of fiduciary duty later on if not now. "

The plan works​

In the middle of that summer, Zuckerberg's plan to oust his cofounder went off without a hitch.
On July 29, 2004, the new company, TheFacebook.com was incorporated in Delaware. Then it acquired the old company, formed back in April as an LLC in Florida.

On September 27, 2004, Peter Thiel formally acquired 9% of the new company with a convertible note worth $500,000. Before the transaction, Facebook ownership was divided between Zuckerberg, with 65%, Saverin, with 30%, and Moskovitz, with 5%. After the transaction, the new company was divided between Zuckerberg, with 40%, Saverin, with 24%, Moskovitz, with 16%, and Thiel with 9%. The rest, about 20%, went to an options pool for future employees. From there, a good chunk of equity went to Eduardo's replacement, TheFacebook.com's new COO, Sean Parker.
On October 31, 2004, Saverin signed a shareholder agreement that alloted him 3 million shares of common stock in the new company. In the agreement, he handed over all relevant intellectual property and turned over his voting rights to Mark Zuckerberg. Zuckerberg became Facebook's sole director.
On January 7, 2005, Zuckerberg caused Facebook to issue 9 million shares of common stock in the new company. He took 3.3. million shares for himself and gave 2 million to Sean Parker and 2 million to Dustin Moskovitz. This share issuance instantly diluted Saverin's stake in the company from ~24% to below 10%.
Mark's plan had succeeded. Eduardo was, for all intents and purposes, gone.

Bringing down the house​

In a testament to how little Saverin was involved in Facebook's operations after Zuckerberg left Harvard, Saverin apparently only found out how badly he'd been diluted in April 2005, when TheFacebook.com sent him a letter seeking approval for its second formal round of funding.
Fifteen days after that letter was sent from TheFacebook.com's HQ, one came back from Eduardo's lawyers. The next day, Zuckerberg finally fired Saverin.
It was this moment in history that "The Social Network" attempted to capture in the scene we embedded at the start of this story.
The lawsuits predictably followed.

First, Facebook filed a lawsuit against Saverin, arguing that the stock-purchase agreements he had signed in October were invalid. Then Saverin sued Zuckerberg, alleging he spent Facebook's money (his money) on personal expenses over the summer.
The jilted Saverin grew bitter. At one point, he reached out to Cameron Winklevoss, Tyler Winklevoss, and Divvya Narendra – the Harvard students who allege that Mark Zuckerberg stole their idea for the company in the first place.
Eventually, sources say, Saverin decided to attack Zuckerberg's reputation.
He approached Ben Mezrich—the author of Bringing Down The House, a book about how a group of MIT students made it big in Vegas—and offered him a book about how a group of Harvard students made it big in Silicon Valley. Bringing Down The House makes its characters out to be rock stars and scoundrels; the Facebook book, Accidental Billionaires, does the same.
 

300 H and H

Bronze Member
GOLD Site Supporter
Then in 2010, Columbia Pictures made a movie based on the book. It features cocaine, models, and dark, moody, lighting from David Fincher, the director who brought you "Fight Club." It's a good flick. Because of its source material, it makes Saverin into more of a victim than he really was.
After Saverin began talking to Mezrich, he and Facebook settled their lawsuits. Facebook went from officially denying Saverin's status as a cofounder to listing him as one on its Web site. As a part of the settlement, Saverin stopped talking to the press.
Like the Winklevoss brothers, Eduardo Saverin clearly felt he got screwed by Mark Zuckerberg in Facebook's early days, and in one way, he did.
We can tell from the previously unpublished letter included in this story that Zuckerberg didn't really want Saverin to notice his stake in Facebook was being diluted.

But also like the Winklevosses, Saverin won huge in the end. Thanks to Zuckerberg and the rest of the Facebook team, most of Saverin's $10 billion wealth still comes from his little $15,000 investment, with no further effort from himself.
Having renounced his US citizenship to avoid paying a boatload of taxes on his Facebook wealth, Saverin now resides in Singapore.

More: Facebook Eduardo Saverin Mark Zuckerberg
-----------------------------------------------------------------------------------------------------------------------------------------------------------------

Mark Zuckerberg is a lying cheating stealing rioting looting and burning Democratic party member. Time to tell the truth about this obnoxious ass hole.

Regards, Kirk
 
Last edited:

Ironman

Well-known member
Now you are going to drag my family into this... :rolleyes:
So are you saying I have no right to speak my mind? So what if you do not like it. I could care less. Just leave the threads I start alone then.
I have not, nor can I make you post up anti member stuff in my threads. I give hateful speech because I heard it directed at me and all Trump supporters for 4 very long years.

As for my wife and daughters, they are solidly Republican through and through. Have no doubt about that. And all of us feel this was a fraudulent election, every one of us. This is our nation, and it is worth fighting for. My bet is and I know I am right, probably 60 million Americans feel the same way as I do.

this is political discourse, and it is not pretty, nor should it be with the stakes involved. If you want to see the world in rose colored glasses, stay away from this political debate section of the forum. Period.

Did you even bother to open the link in the OP? I thought so......

Regards, Kirk
The situation we are facing sucks, Kirk. Don’t take it out on our own. Stop looking for a fight. The cards have been dealt, let’s see what happens.
 

300 H and H

Bronze Member
GOLD Site Supporter
The situation we are facing sucks, Kirk. Don’t take it out on our own. Stop looking for a fight. The cards have been dealt, let’s see what happens.
I was not looking for a fight at all. I took a week off from here, and considered what to do with PG. When I came back she jumped into it.
We all have a right to our opinions, and to share others here with this forum. That is all I wish to do. Inform those of us who wish to be informed from a source other than the MSM that I consider Propaganda. We have tolerated the hate from the left since Trump was elected. Best POTUS of my life time. I and millions like me are not going to give up this fight. We will see it plainly on Jan 6th of this year. Perhaps my posts here will prepare us for that day. I do not think this is over. Calendars, dates can be delayed with legal action, and this fight is for that. Jan 20 is the last day.
After that I and all Trump supporters will pack our bags and go home and end this. I promise.

Regards, Kirk
 

mla2ofus

Well-known member
GOLD Site Supporter
H&H, I hope by referring to section 302 you really mean section 230. Yes, I agree with you that if big tech is going to act like publishers they need to be treated as such and take their legal chances in the publishers world. I see no need to "break them up", just take away their protections and let them sink or swim.
 

300 H and H

Bronze Member
GOLD Site Supporter
H&H, I hope by referring to section 302 you really mean section 230. Yes, I agree with you that if big tech is going to act like publishers they need to be treated as such and take their legal chances in the publishers world. I see no need to "break them up", just take away their protections and let them sink or swim.
If it is section 230, then thank you for correcting me. Really thinking it was 302 though. I will check it out.
Again thanks for the heads up.
 
Top