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 newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Internet-based applications and serviceslegal issuessocial networkssocial mediainternetFacebook

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

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?