Mark Zuckerberg's Harvard colleagues lose appeal in Facebook founder dispute
The argument over the founding of Facebook, which became the subject of the Oscar-winning film "The Social Network," has been decided in federal appeals court.
An appeals panel ruled on Monday that the 2008 deal between Mark Zuckerberg and three former Harvard colleagues was valid.
The decision upheld a negotiated agreement between Zuckerberg and the founders of a rival social-networking site, ConnectU, settling the dispute over who came up with the Facebook idea by paying Divya Narendra and Olympic rowing twins Cameron and Tyler Winklevoss a share of Facebook's net worth, deemed to be about $65 million at the time of the settlement three years ago.
Read more: "Appeals court upholds Facebook deal from 2008"
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-- Carol J. Williams
Photo: Facebook CEO Mark Zuckerberg, right, smiles before speaking at a media event at Facebook headquarters on Thursday in Palo Alto. Credit: Justin Sullivan / AFP/Getty Images
EDITOR'S PICKS:
Who is going to pay MY SPACE which was around and strong before Facebook was. These twins wanted to create an internal My Space for spoiled rich kids and people who wanted to mate with them. The "idea" had already been done and expanded upon. They do not deserve a dime. Excuse me I need to put an incredibly ironic message on my Facebook.
Posted by: Rollie | April 11, 2011 at 12:10 PM
I wonder if Zuckerberg "liked" this decision.
HAHAHHAHAHAA!!
Liked, get it? Liked?
HAHAHAHAHAHAHAH!
Posted by: Adios Los Dodgeros | April 11, 2011 at 12:14 PM
If facebook had not become the mega monster it is now, I bet none of the 3 men would be in this legal battle. I mean, would they have fought for having their name on the company had it failed (...myspace). I am sure the site has been tied to many negative situations: suicides, divorces, car accidents, etc. These men want to be associated with a product that destroys people's lives. They are just in it for the money.
Posted by: california love | April 11, 2011 at 12:37 PM
They went for a quick cash grab before the company really blew up and that's their fault entirely. They could have asked for more money from the get-go but they didn't. Still, 65 million isn't something to scoff at....especially when there's no actual proof that what they would have done would have equalled the success of Facebook.
Posted by: Greg | April 11, 2011 at 12:54 PM
Very Good!!!
Those greedy jerks!!!
Erase my post second time…..moron.
Posted by: surfing | April 11, 2011 at 12:54 PM
Just start another company and stop mouching off Mark. Move on, you recieved $65 million.
Posted by: yo yo | April 11, 2011 at 12:55 PM
He's a billionaire! He's the subject of an academy award winning motion picture, and he's above the law! Mark Zukerberg sold his soul to the God Damn Devil! lol!
Posted by: Rashad Humphrey | April 11, 2011 at 01:03 PM
Darn . . . now I won't the richest man in the world!
Posted by: Bill Gates | April 11, 2011 at 01:17 PM
Is this headline correct, or not?????????????
Posted by: hopalong | April 11, 2011 at 01:21 PM
LOL that will teach you NOT to forget royalties when this or any other project takes OFF
Posted by: Tony ( aka Brains) | April 11, 2011 at 01:32 PM