Savarin's shares were diluted just so Mark could consolidate his power, plain and simple. Mark controls three of Facebook's five board seats too, something the movie didn't even touch on :lol It had nothing to do with anything that happened at Harvard or any other bullshit. Savarin wasn't really onboard with Mark's vision so he cut him out. BTW he actually owns 5% of Facebook... IDK why the movie made the figure so much lower. His share is worth $1.5 BILLION, and he has to do nothing for it. Not bad for being fucked, is it?
I think a lot of people that have seen the flick but don't know much or don't follow silicon valley won't appreciate how amazing it is that mark has retained complete and utter control of Facebook all these years. And he always will. There was talk ~3 years ago about bringing in a "real" CEO to provide some "adult supervision" for Facebook, ala Eric Schmidt at Google.
...no one suggests that sort of thing as being likely, anymore :lol
Anyway, I liked the movie quite a bit, but it isn't really true to life. I mentioned it several pages back in this topic, but if anyone is interested in the true founding of Facebook, check out the book The Facebook Effect.
It's amazing. The shit Mark Z. had to deal with at age ~20 are ethical and business dilemmas most people will never face their entire lives. The real story is just as dramatic as the fictional one. One bit that stood out to me is when Yahoo was mulling buying Facebook. Mark was WORRIED that they would offer ~$1 Billion for the company, because that was an amount so large he couldn't ignore it. Any smaller offers he could just blow off. But for 1B he would have to consider it and make the tough call, and he didn't want to have to do that. Crazy! :lol