Winklevoss twins continuing legal fight with Facebook over financial settlement
We all thought it was over, but it isn’t. The Winklevoss Twins are continuing their fight to get an increased financial settlement from Mark Zuckerberg over Facebook and ConnectU. Boring.
On Wednesday it looked as though the Winklevoss Twins, who set ConnectU up at the same time Mark Zuckerberg was building Facebook, were conceding defeat and walking away with the settlement they agreed in 2008. They are not taking the case to the U.S. Supreme Court. But that doesn’t mean they’re not determined to fight on.
Instead, the brothers are heading to Boston, where they have filed a new complaint with the U.S. District Court of Massachusetts. This one asks whether Facebook “intentionally or inadvertently suppressed evidence” which could have prevented them from accepting the settlement in the first place. At issue here is the question of whether Facebook was truthful in its valuation at the time the settlement was reached.
This is a bizarre case because we all know (a version of) the events that have led to this point thanks to the David Fincher movie, The Social Network. But I have to admit I’m getting increasingly bored of this whole sorry saga. I know there are millions of dollars at stake here, but the Winklevoss Twins have already walked away with $20 million in cash and stock now worth at least $100 million. I think I’d be happy with that, personally.
I’m starting to think this will never actually end, and that the Winklevoss Twins will still be seeking a bigger share of Facebook when they’re old and infirm. By which time the world will have moved on and people will have a future version of the Internet beamed directly into their brains. And Mark Zuckerberg, former President of the World, will be a head floating in a jar. Possibly.
June 25th, 2011
none of it was winklevoss idea, why did FB give them 65 million? That isn’t exactly hush money its fraud and extortion .the WINKLEVOSS new that zuckerberg stole the idea facebook but not from the them. (the winklevoss)
i respectfully suggest that mark zuckerberg undergo a polygraph examination that in order to expose who is really telling the truth;
it’s time zuck you were flushed down the toilet ‘ all you have to do is take a polygraph test. and did winklevoss pay wayne chang .
no more fraud and extortion money for the winklevoss.