What is Qwiki:
Although Saverin has no doubts about the potential of Facebook in future too; he defines Qwiki as a social network in early stage, but surely on path to be a game changer, ReportsNew York times.
Saverin contribute majority of $8 million that Qwiki received in funding. The Facebook founder did not disclose how much he invested in the company.
According to the Times,
Qwiki’s basic technology turns a collection of data about a topic into interactive multimedia presentations. The company applied the technology to a service that works like a search engine. If you type “San Francisco,” it will return a short audio-visual presentation about the city that includes basic facts and sights.
Who are the Qwiki founders:
The founders are Doug Imbruce and Louis Monier, a founder of Silicon Valley dinosaur AltaVista.
About Saverin:
Shown as a founder of Facebook much wronged by current Facebook CEO and co-founder Mark Zuckerberg and Sean Parker in the award-winning film, "The Social Network"; the Brazilian-born Saverin later sued the company and settled for an undisclosed amount -- but his name was restored to the company's masthead.
What Saverin received as settlement:
Speculative reports estimate the settlement ranging from $1 billion to $2.5 billion, based mostly on fluctuating Facebook valuation. --------
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