eduardo saverin settlement

Eduardo Saverin was CFO for Facebook which means that he had to sign off on Facebook's financial decisions. Reflects change since 5 pm ET of prior trading day. But hopefully it will preserve and be something then, he says. SINGAPORE - Facebook co-founder Eduardo Saverin confirmed on Sunday that he married Ms Elaine Andriejanssen late last month. "The vibrancy of #SoutheastAsia and the trend of businesses built here having the ability to be market leaders in Asia, U.S. and the emerging world will be a trend that accelerates in this region post pandemic," @esaverin. Did Mark Zuckerberg have to pay Eduardo? [26], In addition to forming B Capital, in early 2020, Saverin invested in Antler, an early-stage VC fund and startup accelerator founded by his friend and Harvard classmate, Magnus Grimeland. Saverin served the role of chief financial officer and business manager as a co-founder of Facebook. Taking about Elaines age, she might be in her thirties as shown in the pictures. 1 How much did Eduardo Saverin get in the settlement? More itemsWill Facebook vanish? However, the disagreement of both parties was settled out of court in 2009. We also use third-party cookies that help us analyze and understand how you use this website. Updated On Wed Feb 17 2021 Published On Mon Jan 13 2020 By, As per Eduardo Saverins bio, he was born on. That reported $700 million was a speculative back-of-the-envelope figure, says his spokesperson. 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Originally Answered: Why was Eduardo Saverin forced out of Facebook by Mark Zuckerberg? Number of Current Board & Advisor Roles 5. Golden Gate Ventures Advisor 2015. They each agreed to invest $1,000 in the site. Why Did She Make Her Instagram Profile Private? But opting out of some of these cookies may affect your browsing experience. Forbes says that things could have gone differently had Saverin not fought with Mark Zuckerberg: "Had Saverin retained the 30 percent stake in . Mark Zuckerberg earns between 6 and 12 million dollars per day, or more than 3 billion dollars per year. How much does Mark Zuckerberg earn in a day? Julie Anke: Fresh Video Of 10 Years Old Chrisland School Girl With Another Boy Pop Up Online. [32], Saverin renounced his U.S. citizenship in September 2011,[33][34] thereby avoiding an estimated US$700 million in capital gains taxes. As time progressed, Zuckerberg noticed that getting Saverin to sign off on things related to company funding or the reformation of Facebook under Delaware law (for tax purposes) was difficult. Eduardo was Mark Zuckerbergs only close friend before Facebook. [3] Andriejanssen comes from a wealthy family that runs several businesses in Indonesia. El tambin empresario Eduardo Saverin es uno de los cofundadores de Facebook y a sus 35 aos, que cumple hoy, posee el siete por ciento de la red social. He attended the Preparatory School of Gulliver in Miami. Eduardo is from affluent Jewish Brazilian family born as one of the three children of Roberto Saverin and Sandra. He has to sign stuff for investments and he's lagging and I can't take the lag." After Facebook went public, the filing shows that Saverin holds 53,133,360 shares worth a total of $2.18 billion, or just under 2 percent of Facebook's outstanding shares. B Capital is growing fast. Website: Biographyscoop.com Forbes reports that most of Saverins net worth comes from his stake in Facebook. Too much protein interferes with ketosis, despite the fact that you require it. As of 2015 . In the meantime, Facebook was pretty good at the show with Zuckerberg alone. [14], Saverin attended Gulliver Preparatory School in Miami. As he speaks via Google Hangout in January, Forbes asks if hes used a Facebook Portal, the video chat device the company launched in October to some criticism. Gangulys worked with Saverin since 2012, when the friends from their Harvard daysGanguly got his business school degree therereconnected in Singapore. Brazilian-born Saverin is the new No.1 in the ranks of Singapore's richest, Bachelor of Arts/Science, Harvard University. Eduardo Saverin, co-founder of Facebook, moved to Singapore in 2009. The worth of $5 billion is just 4 or 5 percentage shares. Saverin and Radj Ganguly have been working on the implementation of their first $360 million technology fund since B Capital was launched in 2015. He is the grandson of Eugenio Saverin who is the founder of Tip Top which is the chain of childrens clothing shops. Share This Post On WhatsApp, Facebook, Twitter, Instagram & Telegram. The Harvard University it was the place where he was born Facebook. I'm just going to cut him out and then settle with him. Email: It now amounts to nearly $5 billion. In addition to that, he is an angel investor based in Singapore. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. One year after The Social Network aired in theaters, Saverin, who was born in Brazil, renounced his US citizenship. But Saverin and Ganguly are optimistic. How much of a social network is true? As co-founder, Saverin held the role of chief financial officer and business manager. On October 6, 2020, Zuckerberg revealed that he sold 49,750 shares for a total of $13.43 million at a weighted average price of $269.89. His father, Robert Saverin, was a successful industrialist who worked in clothing, shipping, and real estate. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. That year, Saverin moved to Singapore. Saverin eventually sued Facebook over breach of fiduciary duty. He set up the company in Florida. Eduardo Saverins net worth is estimated to be $12.2 Billion. The firm hasnt had any exits yet. [20] As co-founder, Saverin held the role of chief financial officer and business manager. He co-founded Facebook in 2004 with Mark Zuckerberg who was his classmate at the University. He owned almost 2% of the Facebook shares, i.e., 53 million Facebook shares which make around $2 Billion at the time in 2012. With its first fund nearly fully committed, B Capital will go out to raise a second fund expected to be twice as large, sources tell Forbes. India's startup market is worth betting on, though it's still "a few years" behind China's, Facebook co-founder Eduardo Saverin said. The cookie is used to store the user consent for the cookies in the category "Analytics". Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004. He also invested in Qwiki and Jumio as an early-stage startup. Eduardo Luiz Saverin (/svrn/; Portuguese:[eduadu luis save]; born March 19, 1982)[4] is a Brazilian billionaire entrepreneur and angel investor based in Singapore. What happened to the life of Eduardo Saverin, the Brazilian who put the first funds for Facebook to exist. Hes always denied moving to Singapore for tax reasons and cringes at his Hollywood alter egohes more comfortable behind a spreadsheet than on the silver screen. Aug 21, 2019 While The Social Networks story is full of drama, it isnt a true portrayal of how Facebook was created; for starters, source material cant be taken as completely accurate (more on that later), and Sorkin admitted to changing many details to better match the tone he was looking for. This website uses cookies to improve your experience while you navigate through the website. Anyone who has seen The Social Network remembers it portrayed Saverin as a victim who was betrayed by his best friend and cut out of the company they had built together. Well, Eduardo Saverin's age is 40 years old as of today's date 26th February 2023 having been born on 19 March 1982. Eduardo Saverin can escape the United States, but he cannot slip Facebook. Sep 30, 2020Who owns Facebook now Well look at Facebooks top five shareholders based on the number of shares owned below. He then went to Harvard University, where he was a resident of Eliot House, a member of the Phoenix S.K. BCG is a passive investor in B Capital, meaning they only call in the consultants when founders ask. TDCX founder rings up a net worth of $825 million as his Singapore-based company expands in Southeast Asia. No surprise there. Eduardo Saverin is one of the co-founders of Facebook along with Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, and Andrew McCollum. Billionaire Facebook cofounder Eduardo Saverin - the guy everyone now hates because he's renouncing his US citizenship in order to avoid a lot of taxes - hasn't worked at Facebook since 2005.. [29], Saverin emigrated to Singapore in 2009. Eduardo Luiz Saverin (; Portuguese: [eduadu luis save]; born March 19, 1982) is a Brazilian billionaire entrepreneur and angel investor based in Singapore. He hogged the limelight when he renounced his U.S. citizenship in 2011. On March 19 in the year 1982, the co-founder of Facebook who was unceremoniously kicked out of the company was born in Sao Paulo, Brazil. Today, hopefully he doesnt become a user at his age, hes too young. On October 6, 2020, Zuckerberg revealed that he sold 49,750 shares for a total of $13.43 million at a weighted average price of $269.89. Now a venture capitalist, he still derives most of his wealth from his 2% stake in Facebook. Eduardo Saverin, co-founder of Facebook Inc., said social networks are heading for more regulation and change, as political pressures mount and users fragment into specialized interests.. Saverin is one of the co-founders of Facebook. Mansion Global could not independently confirm he. She is a Chinese Indonesian. In May 2012, Business Insider sent a Zuckerberg email describing how Saversin was cut out of FaceBook and its stakes diluted. Zuckerberg approaches his friend Eduardo Saverin with an idea for the Facebook, a social networking website that would be exclusive to Ivy League students. Eduardo Saverin was the son of a wealthy Brazilian . Eduardo Saverin is famous for being one of the co-founders of Facebook.Eduardo Saverin Net Worth. Marks attorneys have therefore found arguments against Eduardo to show that his activities have threatened the firm. They dated for a while and got engaged on March 27, 2014. Who Is Mark Sievers And What Did He Do? Eduardo Saverin is most famous for two things: cofounding Facebook and leaving America for Singapore. Eduardo Saverin net worth: Eduardo Saverin is a Brazilian-born internet entrepreneur who has a net worth of $12 billion. Saverin, of course, did "have adverse reaction" to the ouster, and sued Facebook, a legal retaliation that netted him a small piece of the company that'll soon be worth around $5 billionenough. Ngi ta khng bit anh s hu bao nhiu c phn ti Facebook t khi n khng phi l mt cng ty kinh doanh cng khai, tuy nhin nh bo . Most of Saverin's wealth came from the Facebook shares he won in his settlement. After one year of their engagement, Eduardo and Elaine tied the knot with each other on 25 June 2015. In reports this week, Singapore news outlets tied the anonymous buyer, SG Casa, to Facebook co-founder Eduardo Saverin, who lives in Singapore. He launched fund B Capital in 2016, which raised around $766 million so far and has invested in late-stage tech firms in Europe, Asia and the U.S. [15][17] In 2006, Saverin graduated magna cum laude from Harvard University with a Bachelor of Arts in economics. A last-mile logistics provider for delivery services in Southeast Asia, the Singapore-based startup employs 2,000 people and works with 10,000 drivers. Gardeners enjoy their fragrant white, purple, or pink flowers that bloom among dark green heart-shaped leaves. As of February 2023, Eduardo Saverin's net worth is estimated to be $19 Billion. Eduardo Saverin and his co-partner Sophomore Mark Zuckerberg launched Facebook in 2004. Everything To Know. The longtime president of Angola died Friday, but the financial impact of his rule lingers on. Entrepreneurship is really about passion. 2015 godt 53 millioner aktier i Facebook (ca. These cookies will be stored in your browser only with your consent. in Singapore, Saverin He leads a life worthy of a playboy. He has two siblings. Saverin signed a non-disclosure contract after the settlement. He is also one of the early investers of startups such as Qwiki and Jumio. Eduardo Luiz Saverin (/svrn/; Portuguese: [eduadu luis save]; born March 19, 1982) is a Brazilian-born entrepreneur and angel investor. Their Age Gap And Net Worth Difference. It was nothing related to the news at the time. 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Learn more about Facebook cofounder Eduardo Saverin's second act leading a $360 million venture capital business, and the 11 other big stories of the day. Eduardo Saverin and Rajarshi "Raj" Ganguly are two of the three cofounders of B Capital Group, a venture capital firm with close to $800 million, split between a first and a second fund (still being raised). Eduardo Luiz Saverin (So Paulo, 19 de maro de 1982) [2] um investidor-anjo e empreendedor da Internet brasileiro. He is a member of the brotherhood of the Epsilon Pi fraternity. Eduardo Saverin got engaged to Elaine Andriejanssen on 27 March 2014. . But by 2015, Ganguly and Saverin split off with a new idea to build a firm around two points of distinction: as a strong footprint in Southeast Asia, an emerging market with less competition for deals, and as a matchmaker for one of the worlds most prominent consulting firms, Boston Consulting Group. Saverin eventually sued Facebook for breach of fiduciary duty. Eduardo Saverin (Eduardo Luiz Saverin) is an entrepreneur and angel investor from Brazil known for being one of the co-founders of Facebook. Eduardo Luiz Saverin (/ s v r n /; Portuguese: [eduadu luis save]; born March 19, 1982) is a Brazilian billionaire entrepreneur and angel investor based in Singapore. Miami Yacht Access President, Eduardo Cury, is one of the nations premier yacht brokers. He co-founded Facebook in 2004 with Mark Zuckerberg who was his classmate at the University. With revenue topping $100 million, is an IPO in the offing? Saverin provides $1,000 in seed funding, allowing Zuckerberg to build the website, which quickly becomes popular. Zuckerberg issued 9 million more shares, none of which went to Eduardo. Eduardo Saverin is a Brazilian-born internet entrepreneur who has a net worth of $10 billion. The 33-year-old tech-billionaire updated his status on Facebook . [15] His mother, Sandra, was a psychologist. The topline of todays news: Becky Lynch won the first ever all-female WrestleMania final; Facebook cofounder Eduardo Saverin has raised $406 million for his B Capital VC fund; The Forbes Brink List introduces the brightest young stars in venture capital. Despite his struggles with Zuckerberg, he owns a 5% stake in Facebook and has amassed a fortune as a result. After establishing Ho Bee Land as a niche developer of luxury homes for the uber-rich in the Sentosa waterfront enclave, Chua is doubling down overseas with the acquisition of The Scalpel, Londons iconic office tower. Eduardo Saverin and Mark Zuckerberg co-founded Facebook. Facebook cofounder Eduardo Saverins B Capital Group has appointed Goldman Sachs veteran Sheila Patel as vice chairman as the venture capital firm pursues global expansion, particularly in China. Copyright 2023 Market Realist. The lawsuit predictably grew to be such a hot topic that a movie. He owns about 2% of the company, according to its 2022 proxy statement. Following that, there was a David Fincher film. What's gotten a lot less attention is his increasingly sprawling $360 million venture capital business. Is eduardo saverin still on the facebook masthead? He also had to sign a non-disclosure agreement as part of the settlement. It now amounts to nearly $5 billion. Saverin claimed that he had renounced his citizenship on account of his interest in working and living in Singapore where he had been since 2009. Facebook co-founder Eduardo Saverin, known to many people more as an aggrieved movie character or perceived tax dodger than as an actual person, has finally spoken out. Saverin has a net worth of $3.3 billion. Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebooks money (Saverins money) on personal expenses over the summer. 0,4 procent) og er iflge Forbes Magazine god for 7,2 milliarder amerikanske dollars. Besides that, she is a qualitative researcher and financial analyst by profession. Eduardo Saverin's current activities are as follows: Oct 2, 2010. Here are his favorite restaurants when taking clients out in Miami. Market Realist is a registered trademark. His life seemed a clich: Gossip sheets gushed about his Bentley, a standing table at an elite night club and legendary bar tabs that could reach $50,000. Hell work hard to get things right, he says. Sep 6, 2020, Instagram was bought for $1 billion by Facebook in 2012, which was a shocking sum for a company with 13 employees at the time. The former Box and Apple executive is joining B Capital in its San Francisco office, giving the firm seven partners. And though Mark attempted to put a stop to his attorneys during the deposition. After his involvement with Facebook, Saverin dabbled at several startup projects before moving to Singapore for what was supposed to be a short stay to help a friend launch a business. There were legal battles that ensued. 1 Jeff Bezos is worth $131 billion 2 Bill Gates is worth $96.5 billion 3 Warren Buffett is worth $82.5 billion 4 Bernard Arnault is worth $76 billion 6 more rows What kind of car does Mark Zuckerberg drive? She very probably benefits from the success of her husband too, who has a net worth estimated to be over $10 billion. Here is the post shared by Eduardo dedicated to his wife under a caption. Eduardo and the team asked the right questions, says Lai Chang Wen, CEO of Ninja Van. Wikipedia And And Facts To Know. In any case where one founder doesn't have the same ability to maintain . Recently renounced his U.S. citizenship and is a now a permanent Singapore resident. Its a five-hour plane ride from a large part of the worlds population. His decision to renounce U.S. citizenship the year before the IPO, he says, had more to do with setting up roots in Singapore than paying a lower tax rate on his wealth. Financial services are a big focus Eduardo Saverin, @B_Capital_Group, @facebook shares on opportunities in Southeast Asia given its large populations and high mobile penetration. All Rights Reserved. His US$167 million singapore house is located on Nassim Road, a tree-lined street that is home to a number of foreign dignitaries in the city. Of this there are no doubts. Club, and president of the Harvard Investment Group. These cookies track visitors across websites and collect information to provide customized ads. Eduardo Saverin, like the Winklevoss brothers, clearly believed Mark Zuckerberg had screwed him in Facebooks early days, and he did in one way. Who Is Ambsofficialxo Aka Amber Ajami? How did we come to, What was the first social network and why was it not, Jose Luis Sena | Businessman "I would put a cap on Bezos and, Mark Zuckerberg Reveals Prototypes of Facebook's Virtual, Facebook would seek to be more like TikTok and Mark, Se filtr una fuerte discusin entre Benjamn Vicua y Eli Sulichn: Me cans de tus manipulaciones, September series: what to see on Disney +, HBO Max, Amazon Prime Video and more. 3 Did Sean Parker live with Mark Zuckerberg? Saverin is worth $5.5 billion. He would then redistribute the shares. If we Have added some content that belongs to you or your organization by mistake, We are sorry. Eduardo was the first investor in and Co-Founder of Facebook. [14] In 2015, Saverin established his venture capital firm, B Capital, investing in Southeast Asia and India. This cookie is set by GDPR Cookie Consent plugin. Eduardo Saverin is famous for being one of the co-founders of Facebook. "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network'". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". You might have forgotten about Eduardo Saverin, the Facebook co-founder who C.E.O. "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network'". Eduardo Saverin holds 5 board and advisor roles including Board Member at Kopi Kenangan, Advisor at Golden Gate Ventures, and Board of Directors at Mswipe Technologies. Analytical cookies are used to understand how visitors interact with the website. In 2016, Eduardo Saverin-backed Jumio filed for bankruptcy. He doesnt like to show off his wealth, according to Mark Zuckerberg of Honda Fit. Eduardos work in generating ad interest for Facebook was complete useless. Prior to that, Eduardo Saverin owned 53 million shares of Facebook that valued at approximately $2 billion in 2012. Despite all this, Mark has been fighting for his friend. He relocated to Singapore and now leads B Capital, a venture capital firm he founded in 2015. Hot take: Mark Zuckerberg gave Eduardo Saverin the gift of a lifetime by kicking him out of Facebook in 2005. The majority of Saverin's fortune is derived from his stake in Meta Platforms, formerly Facebook. How much did Eduardo Saverin get in the settlement? Today, he focuses on investing in the next wave of technological innovation. Later, Eduardo was titled the co-founder of Facebook. @rajganguly_. Mark Zuckerberg earns between 6 and 12 million dollars per day, or more than 3 billion dollars per year. This was big. Now a venture capitalist, he still derives most of his wealth from his small but valuable stake in Facebook. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. In 2009, both suits were settled out of court. ", "Eduardo Saverin, o brasileiro do Facebook, conta sua histria", "Conhea Eduardo Saverin, o brasileiro que ajudou a fundar o Facebook", "Eduardo Saverin Finally Opens Up: 'No Hard Feelings Between Me And Mark Zuckerberg", "A Facebook Tale: Founder Unfriends Pals on Way Up", "Eduardo Saverin: 10 Things To Know About The Facebook Co-Founder", "Exclusive: Here's The Email Zuckerberg Sent To Cut His Cofounder Out Of Facebook", "Exclusive: How Mark Zuckerberg booted his co-founder out of the company", "Life After Facebook: The Untold Story Of Billionaire Eduardo Saverin's Highly Networked Venture Firm", "Facebook co-founder Eduardo Saverin's new fund closes initial $140 Million for deals in Asia", "Meet Mark Zuckerberg's Harvard Classmate Who Is Trying To Build A Global Startup Factory", "Facebook co-founder Eduardo Saverin backs 'startup generator' Antler", "Facebook Co-Founder Eduardo Saverin Confirms News of Wedding in Facebook Post", "Secret Wedding Celebration Of Facebook Co-Founder Eduardo Saverin Kicks Off", "Eduardo Saverin's lover studied at Raffles Girls' School, Indonesian family runs several businesses", "In Praise of Eduardo Saverin's Tax Avoidance", "5 citizens who left the United States to avoid paying tax", "IPO Will Increase, Not Reduce, His Tax Bill", "Facebook Co-Founder Saverin Fires Back At 'Misinformation', "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network', https://en.wikipedia.org/w/index.php?title=Eduardo_Saverin&oldid=1142686902, This page was last edited on 3 March 2023, at 21:06. Who is Eduardo Saverin and what is his net worth? [8][9] He also invested in early-stage startups such as Qwiki[10] and Jumio. Post-Exit. Then Facebook pulled the rug from under him. Eduardo is married to an Indonesian-Chinese beauty Elaine Andriejanssen. How much money does Facebook make per user? Did Sean Parker live with Mark Zuckerberg? #4 Eduardo Saverin Saverin founded Facebook in 2004 with Harvard classmate Mark Zuckerberg. He is listed as one of the richest businessmen in the world. Across two interviews, Saverin says the company is incredibly close to my heart and shares praise for Zuckerberg and COO Sheryl Sandbergs leadership. [16] In 1993, the family immigrated to the U.S., settling in Miami, Florida. Founders who meet with Saverin and B Capital in 2019 cant be sure if theyre sitting down with a future Midas List-caliber tech investor or a billionaire dilettante. And make sure you dont make that mistake again., Cover photograph by Bryan van der Beek for Forbes, This is a BETA experience. Like the Winklevoss brothers, Eduardo Saverin clearly felt he got screwed by Mark Zuckerberg in Facebook's early days, and in one . They have been happily married for four years as of 2019 and do not have any signs of divorce or any other marital affair rumors. He renounced his. Facebook has lodged a complaint against SaverIn alleging that the Saverina invalidity stock buying deal signed in October 2005. Saverin, from a wealthy Brazilian family, hoped to become a member of one of Harvard's secretive final clubs to jump-start his social life. El rey de los hedge funds justifica su posicin bajista en, If it's not on Google it doesn't exist. Most venture capital firms start local, with a couple investments in companies in their backyards. Eventually, the case was settled out of court. Noting the lack of a dedicated social networking website for Harvard students, the two worked together to launch The Facebook in 2004. In the end, the lawyer was right to worry. Thats impossible! It looks to me like they didn't know its CEO had a shady background. Eduardo Saverins current activities are as follows: Oct 2, 2010. . You better lawyer up asshole, because I'm not coming back for 30%, I'm coming back for EVERYTHING. Eduardo Saverin : [leans down close to Mark, his voice low and dangerous] And I'll bet what you hated the most was that they identified me as a co-founder of Facebook, which I am. he met Mark at Harvardwhen I was studying economics. Why did Eduardo Saverin file suit against Facebook? Is eduardo saverin still on the facebook masthead? Later that year, Zuckerberg and Moskovitz moved to Palo Alto to work on Facebook while Saverin went to New York for an internship with Lehman Brothers. . The cookie is used to store the user consent for the cookies in the category "Performance". With BCG and Bain Capital veteran Raj Ganguly, he founded venture fund B Capital in 2016. That stake is now worth close to $5 billion. Facebook famously implored its early employees to move fast and break things. Fifteen years later, its estranged cofounder offers up a twist on the old motto for 2019: Make mistakes all the time, but learn from it immediately, Saverin says. Zuckerberg wrote in an instant message to an unnamed confidant at the time, saying of Saverin, We basically need to sign over our intellectual property to a new company and just take the lawsuit Im just going to cut him out and then settle with him", Zuckerberg during an interview with The Atlantic. After the settlement of suits, Eduardo again signed a non-disclosure contract with the company. We are still so early into making the technologies that will impact the world.. The new issuance diluted Saverins share to below 10 percent from 24. Sequoia-backed Indian fintech startup CredAvenue becomes a unicorn with $137 million funding round led by Singapores Eduardo Saverins B Capital, San Francisco-based Dragoneer and New York-based private equity firm Insight Partners.

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