tagged w/ Winklevoss Twins
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The Winklevoss twins, the butch rowing classmates and former business partners of Facebook founder Mark Zuckerberg, have ended their legal battle over whether the idea for the social networking site was stolen from them.
The identical twins legal spat with the king of geeks was immortalised in David Fincher's film "Social Network.
In January they attempted to reopen the case, claiming that they should have received more shares than the $45m they agreed on.
They sought to undo the settlement of $20m in cash and $45m in stock - now worth around than $150m as the estimated value of the privately-held Facebook has grown more than fourfold, from $15bn to $70bn since the initial settlement.
In April a US appeals court ruled that they could not back out of the deal.
The pair had threatened to go to US Supreme Court to overturn the decision but have now said they will not pursue it.
But for some reason I have the feeling this isn't the last time we'll hear the giant twins moan about only getting a huge chunk of money thrown at them. It must be so hard to be so rich.
Source: http://www.bbc.co.uk/news/technology-13886534The Winklevoss twins, the butch rowing classmates and former business partners of... more
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The Winklevoss twins have re-started their bitter legal battle against Facebook founder Mark Zuckerberg, claiming that the money they had received in compensation during a previous lawsuit was not sufficient.The twins previously filed a lawsuit against Facebook in 2008 and received $65 million in settlement.Tyler and Cameron Winklevoss, who went to Harvard with Zuckerberg - and now both have Facebook profiles - claimed that their former friend stole the idea of making a Facebook like platform and presented it as his own.The twins claim they were misled about the actual worth of the social networking platform.The lawsuit also accuses Zuckerberg of securities fraud and demands an unspecified amount of money.Facebook has dismissed the lawsuit by claiming in its legal filings that the twins were suffering from "a bout of settlers' remorse".
The Winklevoss twins have re-started their bitter legal battle against Facebook... more
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Winklevoss Twins, are they the actual founders of Facebook? Claims of Winklevoss twins have increased the total number of people who have accused Mark of stealing their ideaWinklevoss Twins, are they the actual founders of Facebook? Claims of Winklevoss twins... more
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I like the part where Mark Zuckerberg falls in love with Justin Timberlake, right after being ferociously whipped by the Winklevoss twins.I like the part where Mark Zuckerberg falls in love with Justin Timberlake, right... more
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