Winklevoss Twins Stops Appealing For Facebook Settlement
Do you still remember the Olympic twins who claimed that Mark Zuckerberg stole their idea in the drama film “The Social Network”? They sued Mark for that.
Later there was an cash-and-stock accord in 2008 agreed by them to resolve the argument with Mark. But then the Winklevoss twins undo it, saying it was cheating as Facebook hid information from them, and they deserved more money.
After a long-running dispute, they finally decided not to appeal to the Supreme Court a ruling upholding their $65 million settlement with Facebook Inc and Mark. They said the decision are made after “careful consideration”.
Facebook said that they’ve considered this case closed for a long time, and they’re pleased to see the twins now agree.
The social networking site is built in Mark’s Harvard University dormitory room.
Professor Lawrence Lessig from Harvard Law School commented in The New Republic that Mark did not steal the “property” from the twins. ” The code for Facebook was Mark’s, and the “idea” of a social network is not a patent. It wasn’t justice that gave the wins $65 million; it was the fear of a random and inefficient system of law,” he said.
As CNBC television estimated last week, this California-based company could be worth more than $100 billion in an IPO.