Is Sean Parker still an owner of Facebook?

Sean Parker is known to the general public, primarily as the co-founder of the peer-to-peer file-sharing service Napster, which has become the prototype of almost all modern music streaming services. But he was also the first president of the most famous social network – Facebook.

Sean Parker was born in Virginia in 1979. Today he is considered perhaps the most famous philanthropist in the United States of America. Sean is also a fairly successful entrepreneur. He co-founded many projects, the most successful of which was Facebook. As a reminder, Facebook’s net worth alone in 2020 significantly exceeded $ 600 billion.

After the collapse of the Napster project, Sean Parker left it not only with a slightly tarnished reputation, but also with a huge experience that came in handy when he joined the Facebook project. At that time, the current most popular social network in the world was only five months old. Sean became the first president of Facebook, leveraging the experience and knowledge gained at Napster in this position. He was not only able to make some significant technical improvements, but also attracted major investors to the new project. Improving investment attractiveness has given a new impetus to the development of Facebook. Mark Zuckerberg said about Sean Parker: «Sean was pivotal in helping Facebook transform from a college project into a real company». Parker owns 4% of Facebook, which is over $ 4 billion in early 2021.

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In 2005, the аmerican police made a surprise visit to a house, that Parker’s rented, during a friendly party. During the search, the police found drugs, but Sean was never charged. This fact got into the media. The founders of the social network were forced to ask the first president to step down in the name of preserving the company’s reputation.

Today, Sean Parker continues to be a co-founder of Facebook, he meets regularly with Mark Zuckerberg and is actively involved in the development of the company. He created his own charitable foundation with a capital of $ 600 million and has invested money in many more charitable projects.

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