Winklevoss vs Facebook Still Going At It In Court
Facebook founder Mark Zuckerberg and his legal team lost a round today in court as Cameron and Tyler Winklevoss, the twin brothers who’ve said that Zuckerberg stole their idea of Facebook are now appealing an earlier court ruling that upheld a $65 million cash-and-stock settlement they had previously reached in 2008.
All related litigation is going to be on hold as the Supreme Court decides if they’ll hear the case.
The conflict of Zuckerberg and the Winklevosses was featured in the movie “The Social Network”.
Originally, the Winklevosses had won the settlement but later changed up and wanted more. They petitioned for a new settlement but got turned down by the courts. Now they’ve stepped up their efforts to get another venue and have been allowed to do so.
This means that if the Supreme Court hears their case, they might win more in a new settlement. No one knows what that would do to Facebook. Would the administrative end of the massive network change and alienate members or would things turn for the better.
At present Facebook is looking at gathering 700 million members and that number could reach a billion as more computers and other devices reach areas that hasn’t gotten them yet.
Facebook is no longer a social network for fun, but an essential part of the livelihoods of tens of millions of people.*Sponsored Links*