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Saverin gives up US citizenship; News around the Facebook IPO

Posted on May 12, 2012 by StartupCentral | 0 Comments

Former Facebook employee and co-founder Eduardo Saverin, reports Bloomberg, has renounced his US citizenship, ahead of the Menlo Park, California-based social networking giant’s upcoming initial public offer (IPO) next week. The 30-year old Saverin, who currently lives in Singapore, owns about four per cent of Facebook, which is valued at $3.4 billion, according to WhoOwnsFacebook.com. Facebook kicked off its IPO roadshow…

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Matrix-backed U2opia Sees India as Single Largest Market

Posted on October 29, 2011 by Susheela Menon

Singapore-based U2opia Mobile, fresh from a Series A round of funding (amount undisclosed) from Matrix Partners India, is looking to scale up India as its single largest market, even as it explores South East Asia and Africa. The company, founded last year by former Bubble Motion executives Sumesh Menon and Ankit Nautiyal, has a large portion of its development team…

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Namesake: Social networking’s latest tweak

Posted on September 29, 2010 by Snigdha Sengupta

Monday saw the launch of Namesake, a new social networking site. This one is aimed largely at self-employed people, among them entrepreneurs, musicians, freelancers, doctors and scientists. The plan is to match people by professional services and opportunities. The startup’s founders are former MySpace executives Dan Gould and Brian Norgard. The two earlier founded news aggregation site Newroo (acquired by…

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