Winklevoss twins v. Facebook: Case closed

An appeals court judge ruled that the Winklevoss twins will have to settle with $160 million from their Facebook dispute

The Winklevoss twins will have to settle with $160 million from their dispute with Facebook, an appeals court has said. The twins' epic argument with Mark Zuckerberg over the ownership of Facebook -- dramatized in the Oscar-winning movie "The Social Network" -- has to finally come to an end, the judge said.

Facebook agreed in 2008 to settle the dispute over who came up with the idea for the social network by giving Cameron and Tyler Winklevoss $20 million in cash and partial ownership of Facebook. As Facebook is now valuated at around $50 billion, the settlement is now estimated to be worth more than $160 million.

"The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace," wrote Chief Judge Alex Kozinski in the decision. "And the courts might have obliged, had the Winklevosses not settled their dispute and signed a release of all claims against Facebook."

If you missed "The Social Network," the original case against Facebook (and Zuckerberg) was brought in 2004 by the Winklevosses, along with their partner Divya Narendra. The twins and Narendra were the founders of ConnectU (originally called Harvard Connection), also a social networking site.

In 2003, ConnectU hired Zuckerberg to write some code for their website, and a few weeks later Zuckerberg launched thefacebook.com. The twins claimed Zuckerberg copied their idea and used source code for his own site.

But after a $65 million settlement in 2008, the Winklevoss twins were not satisfied with their payout from Zuckerberg, so in December 2010 the twins filed a new lawsuit seeking further compensation - leading to the judge's ruling.

Follow Daniel Ionescu and Today @ PCWorld on Twitter

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags Internet-based applications and serviceslegal issuessocial networkssocial mediainternetFacebook

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Daniel Ionescu

PC World (US online)
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

GGG Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?