Winklevoss Twins To Continue Fighting Facebook 90
An anonymous reader writes "Facebook's longest legal saga, which has lasted seven years so far, looked like it was finally closed, but that was just a false alarm. In a filing earlier this week with the federal court in San Francisco, Facebook CEO Mark Zuckerberg's former Harvard classmates Cameron Winklevoss and Tyler Winklevoss, who accuse him of stealing their idea for the social network, decided not to seek US Supreme Court review of the $65 million settlement made in 2008. Everyone thought this meant they had finally given up. It turns out that the twins have decided to keep fighting after all, just with a different lawsuit."
Dear Winklevii (Score:4, Funny)
Now witness the firepower of this fully armed and operational lawyer station
No Love
Emperor Zuckerberg
No, really, I'm expecting something like this. They got away with 65million already.
It's a failure of settlement they were allowed to sue again and keep the settlement
Now really I'm rooting for Mark to wipe the floor with them.
Re:Dear Winklevii (Score:4, Insightful)
"got away with"? Zuckerberg got away with his crime for a pittance of a payment in stock, and he allegedly accomplished this on the back of another crime. Rooting for Mark is like rooting for Darth Vader because some Rebel made a bad pun.
Re:Dear Winklevii (Score:4, Insightful)
If the WV had been capable of doing Facebook they would have done facebook!
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A court obviously felt that there was merit to the claim, because they wouldn't have got a settlement otherwise. If you know you're going to successfully defend against a frivolous lawsuit by someone with some money to cover legal costs you go to court, you don't settle. The claim was not that they did facebook, so your comment is devoid of content.
Re:Dear Winklevii (Score:4)
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Do you know what a settlement is?
Yes, it's where you agree to cough up money without a verdict, or possibly without even trying a case, because you know you are going to lose. Presumably Zuckerberg also understands this. Do you?
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Not too interested in what people say any more. By their actions shall you know them. He knew he would lose. When you know you can win you can find a lawyer because they like money.
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Settlements aren't only made when they think the cost of fighting it in court would be cheaper than settling.
Most cases aren't slam dunk in either direction. If what was depicted in the movie was accurate then it's not unlikely that the twins had a decent chance of winning. An argument that Zuckerberg was leading them on as an attempt to develop his own version of a social network and stall possible competition seems reasonable.
If they won they could win a lot more than $65 million. I don't know what the or
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I actually said that. I hinted around about the fact that the outcome can rarely be foreseen beforehand. But I think the most likely of the choices were along the lines of: Z: my defense would cost more than this, fuck it, give them $60 rather than risk losing. And W: I doubt I can win this, I might as well take the $60 and then go back on the agreement and try to get it jammed in the court again to try to make maybe another $60 even if my arguments are pure bs and likely to get thrown out.
I have li
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I actually said that.
Maybe you did. But what you typed was not anywhere close to that.
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Exactly right. A settlement is in no way, shape, or form an admission of guilt or even an acknowledgement that the suit had merit. It's just handing someone some money so they'll shut up and you can continue to run your business.
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Yes, it's where you agree to cough up money without a verdict, or possibly without even trying a case, because it is cheaper then trying the case in court.
Fixed that for ya.
Re:Dear Winklevii (Score:4, Insightful)
"Teacher, teacher! That big meanie head stole my idea!"
Ideas are a dime a dozen. To get actual value requires--gasp--actual work. Get over it, move on, and learn how to implement your own ideas instead of being useless business majors.
Re:Dear Winklevii (Score:4, Insightful)
In general I am inclined to agree but its not so simple in this case. They have always claimed that they were partners and had invested in Zuckerburg money for the start up. If that's true they are entitled to a share. That is the whole concept of venture cap.
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Except they settled. Going back to the court with some new reiteration on the same old complaint is not going to get them very far. Frankly, I think they're just trying to shakedown Zuckerberg again.
Zuckerberg should be in prison. (Score:2)
How Mark Zuckerberg Hacked Into Rival ConnectU In 2004
Mar. 5, 2010
http://www.businessinsider.com/how-mark-zuckerberg-hacked-connectu-2010-3 [businessinsider.com]
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The Palin Hacker [wikipedia.org] did far less than this, yet he's facing hard time in the federal pen [slashdot.org];
I wasn't aware of the hacking accusation for Zuckerberg (if it wasn't in the Social Network, I haven't really paid attention) - but those things only look similar on a technical level.
"The Palin Hacker" was hacking in the cause of subverting an election. As a society, we take messing with the election process a lot more seriously than we do messing with random web sites of would-be college entrepreneurs.
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Re:Dear Winklevii (Score:5, Insightful)
It's a battle between 2 millionaire douchebags from a privileged background, I'm amazed people would root for one over the other. Screw all of them.
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Failure of settlement (Score:1)
This seems like incompetent negotiations on the part of Zuck. The whole point of giving them $65M is that the twins go away and don't bother him again. There should be a clause that specifies "no more lawsuits".
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It's kind of like a recent news story in which the Ku Klux Klan was protesting the Westborugh 'Baptist' 'church' (quotes included because I don't believe they qualify as either.) There is sinply no way to pick a 'lesser' evil.
Sigh (Score:1)
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Can't they just be happy with what they've already won and go home?
They appear to be students of the Larry Ellison school of thought: "You don't really win unless everyone else looses."
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This is just the classic case of each side wanting what the other believes they don't deserve. In the end, shareholders and lawyers win as they always seem to do, and we win because we get to laugh at these wastes of space and not have to deal with the crap they do.
The moral of this story is, "Given enough time, those who set out to destroy themselves eventually do."
Riaa (Score:1)
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At first I thought that. But we don't know if they're fighting out of principle because of the supposed evilness that Facebook has done to them. I don't know how much the twins contributed to the whole thing, or what the terms of their stock were, but it could be a good thing if they win, since it will encourage other companies not to be so apparently evil.
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"Winklevoi" would be better, since -os is the Greek masculine singular ending, and -us is the Latin equivalent.
How did he steal it? (Score:3, Insightful)
Re:How did he steal it? (Score:5, Interesting)
Seriously how did he steal their idea? When they came up with it, they couldn't have gotten it off the ground then? Did he beat them in building the site first? They couldn't have created their idea still? This seems frivolous to me. It's not like he stole their idea for a physical object and then patented the idea so they could never make it.
They had an idea for a site. He made them think that he was working on that site for them. Meanwhile he was working on a similar site for himself, a site which would have been competing with the site he was supposed to be building for them. He stalled them and effectively strangled their project from the inside.
Its a fairly obvious scam when you think about it, a kind of 'denial of service'.
What he should have done is tell them "no, I'm not going to be working for you, you will have to hire someone else." Had he done this and had they hired someone else its possible that their site would have launched ahead of his and he would have faced real competition.
Maybe he wouldn't be the billionaire he is today had he not pulled off this scam.
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He stalled them and effectively strangled their project from the inside.
Its a fairly obvious scam when you think about it, a kind of 'denial of service'.
Well, he was hired as a consultant, so it kind of makes sense.
Sorry, couldn't resist.
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what? did you just crawl out from under a rock?
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When someone doesn't deliver you cancel the contract according to whatever the terms agreed were. This happens all the time. Many people learn from their boss only to open shop themselves as soon as they can. I think that's quite common too.
The Winkeldudes not handling these two very common issues well really just show their lack of experience. I don't like Suckingberg one bit, but I don't see why he owes them anything.
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What's the matter with them... (Score:2)
65 Million ought to be enough for ANYBODY!!
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65 Million ought to be enough for ANYBODY!!
I wonder how much that is after legal fees and taxes. 20-40% left afterwards?
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I would be insanely happy to take home 10% of that, are ya kidding me?! That would be enough for LIFE! My wife and I would also use it to help our families... bigtime... and STILL have PLENTY for ourselves!
Rich assholes suing rich asshole (Score:3, Insightful)
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Why does anyone seem to care?
The enemy of my enemy...
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Why does anyone seem to care?
I hope you mean "don't care" in the sense that it shouldn't be news, rather than "don't care" in the sense that it's not legally significant. I'm going to address the second one because it's what I see most people mean when they say this.
I care if some rich person gets cheated out of his money, because laws should be applied fairly and equally whether they are rich or not. If we start with "he's rich so I don't care if he gets what he is allegedly legally entitled to" then how do you think a legislative w
They should have had him sign an NDA (Score:1)
Furthermore, we have to acknowledge ideas grow and change; their original idea may have been similar to whatever Mark created, but it changed as soon as he started working on it. Sometimes we call these changes changes, or scope creep, or just evolution. But they always change, especial
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Seriously, these two gentlemen are the laughing stock of the technology industry
I don't think that really is a concern of them, all they are worried about is taking as much money as they can from mark's work as they can. ( even if it was their idea, he did the work and took the risks.. not them )
But i do agree, regardless if they are right or wrong they look petty and stupid and should take what was offered and go home. If they are all that great, they will take that 65mil and turn it around and put mark out of business with a better idea.
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He isn't. What Zuckerberg is more bloody-minded and clever. In the world of business that means he wins. This isn't a good guy-bad guy scenario, it's about who had more acumen, daring and sheer desire to conquer, and Zuckerberg, being the antisocial hateful misfit that he is, has what it takes.
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Seriously, these two gentlemen are the laughing stock of the technology industry. I'd wager though that no one would say that to either of their identical faces; but isn't it worse knowing that no matter where you go your back is known as belonging to one of the leeches attempting to feed upon the technical creativity of other people?
Well, I'm sure that they'd claim that Zuckerberg was the one who'd leached off them. Might be true, might not. And I doubt they care about your exaggerated perception that they're a supposed "laughing stock" in the industry.
From what I've heard of the Winklevosses, they sound like a pair of overprivileged spoiled douchebags a
I wonder how much their lawyers are egging them on (Score:2)
After all, their lawyers are the only ones with something to gain in this case.
Time to hire a hit (Score:2)
Seriously, after this long of being a thorn its time to put them out of the picture. Especially since they were offered more money to go away than they could ever figure out what to do with.
So... (Score:1)
It was only an idea. Ideas are worthless (Score:1)
Now these guys had money, or at least access to money. The could easily have hired a coder, full time, got a site together in a month. Maybe nothing amazing but it would have done the job, and been first to market and that's what's important.
They made a bad Business d
Are those guys Ferengi? (Score:2)
That's just pure greed IMO.
Seriously, that amount is around what, 50-60 times what the average north-american worker will earn in his *whole life*...
(Why anyone would even *need* more than that is beyond me.)
Even after taxes and everything, let's say even 20M $, just the interests on that will allow anyone to never worry about being able to afford something. Heck, just gimme 1M , and I'm retiring at 40...
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What you are implying is that it is OK to steal from rich people because they have lots of money. I know that's probably not something you agree with, but that is the result of letting somebody steal something from you and then saying they shouldn't fight back for it because they already have more money than most others.
Spelling and grammar fail (Score:1)