Facebook vs. Winklevoss Twins Goes Facebook's Way - Again
The twins' second lawsuit is dismissed. Called a**holes by former Harvard president.
The Winklevoss twins with business partner NarendraAnother blow is dealt to the Winklevoss twins in their continued saga to sue Facebook and its founder Mark Zuckerberg for more than the already agreed on settlement of $65 million.
On Friday U.S. district judge Douglas Woodlock dismissed a second lawsuit by Tyler and Cameron Winklevoss, a month after they and business partner Divya Narendra abdicated a possible appeal to the U.S. Supreme Court.
In the original case which was settled in 2008, the twins and their business partner alleged that Zuckerberg stole their idea for Facebook. At the time of the settlement, the Winklevosses and Narendra said that they were led to believe that the 1.2 million shares they received in the settlement we worth almost $36 each, when they were actually worth $8.80 each.
Facebook has been valued over $100 billion and is preparing for the msot sought after IPO in recent memory. In the secondary market, Facebook shares have traded for over $70 each, and are expected to fetch even more once the social media giant goes public.
Recently, the former president of Harvard Univertsity, Larry Summers, who was the president at the time the twins were attending the university, said at Fortune's Barinstom Tech conference: "One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an a**hole. This was the latter case.”
It is still unknown whether or not the Winklevosses plan to proceed further with their case.
Ellis Jacob, Edward Sonshine headline JEDx
OPKO Health Inc., Close to Deal with Prolor Biotech
Larry Ellison tops list of filthy rich members of the tribe
“Start-Up Nation” Invited to Participate in Annual TedMed Conference
Giving prawns a sex change leads to bigger profits for farmers
The social media giant unveils revolutionary search engine feature
Ellis Jacob, Edward Sonshine headline JEDx
OPKO Health Inc., Close to Deal with Prolor Biotech
Larry Ellison tops list of filthy rich members of the tribe
“Start-Up Nation” Invited to Participate in Annual TedMed Conference
Giving prawns a sex change leads to bigger profits for farmers
The social media giant unveils revolutionary search engine feature
The 19 year old sophomore sat on the exam table looking at the floor. A college student with obvious charm
In 1971, researchers set up a prison in the basement of Stanford University's Psychology Department. The idea was to
As I have tried to make abundantly clear the United States is the only country in the industrialized world that
Alright, that does it.Since the terrorist attacks of September 11, 2001, Americans have been willing to do their part for
A study appeared in a journal titled “Obesity” which was reported by a group from the University of Colorado. In
Sixty-five years ago today, World War II officially came to an end. On September 2, 1945, Japanese Foreign Minister
Share This Story With Your Friends!
Friend's Name:
Friend's E-Mail:
(This information will not be displayed publicly)
Optional Message:
