en.wikipedia.org/wiki/Eduardo_Saverin
2 corrections found
In 2009, weeks prior to the initial public offering of Facebook, Saverin moved to Singapore and renounced his U.S. citizenship.
This sentence collapses events that happened years apart. Saverin said he had been in Singapore since 2009, while his renunciation became official in September 2011, and Facebook's IPO was in May 2012.
Full reasoning
The timeline in this sentence is inconsistent with contemporaneous records.
- On May 17, 2012, Facebook announced the pricing of its IPO and said trading was expected to begin on May 18, 2012.
- In a statement reported by ABC News on May 17, 2012, Saverin said he had been living in Singapore "since 2009." The same report says he filed in September 2011 to give up his U.S. citizenship and that it became official in September 2011.
So, while it is accurate that he moved to Singapore in 2009, it is not accurate to say that in 2009 this happened "weeks prior" to Facebook's IPO. The move to Singapore occurred about three years before the IPO, and the citizenship renunciation occurred about eight months before it.
2 sources
- Facebook IPO: Eduardo Saverin Defends Citizenship Move - ABC News
"My decision to expatriate was based solely on my interest in working and living in Singapore, where I have been since 2009," ... "Last week, reports revealed Saverin filed in September 2011 to give up his citizenship which became official in September".
- Facebook Announces Pricing of Initial Public Offering
"May 17, 2012 ... The shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012".
Eduardo and Elaine Saverin Foundation
The foundation's official name is reversed here. Its official name is the "Elaine and Eduardo Saverin Foundation," not the "Eduardo and Elaine Saverin Foundation."
Full reasoning
The article uses the wrong official name for the couple's Singapore-based foundation.
Both the foundation's own website and a May 2026 Singapore government speech refer to it as the Elaine and Eduardo Saverin Foundation. The foundation's About page also says it was founded in 2023, matching the year in the article, but the proper name is not "Eduardo and Elaine Saverin Foundation."
2 sources
- About Us - Elaine and Eduardo Saverin Foundation
"The Elaine and Eduardo Saverin Foundation" ... "Founded in 2023".
- Speech by Minister Desmond Lee at the Launch of the Elaine and Eduardo Saverin Foundation Community Mental Health Initiative
The Singapore government page repeatedly refers to it as the "Elaine and Eduardo Saverin Foundation."