Facebook and Mark Zuckerberg won against Winklevoss
There were not many people knew about the twins Winklevoss before the movie “The Social Network”…
Cameron and Tyler Winklevoss was the twins who accused Mark Zuckerberg of stealing the ide to Facebook.
The twins Winklevoss and Mark Zuckerberg, made a settlement in 2008, and the twins Winklevoss got Facebook-Shares for $ 65 million.
They have appealed against the settlement afterwards, and argues that Facebook gave them false information about the value of the shares, according to the twins, the information about the company’s value has been exaggerated, and that they believed that the shares were worth four times more than the actual value, the also says that if they had known the true value, they had Never sign the sattelment, and wanted the court to tear up the contract.
Judge Alex Kozinski rejected the request, and wrote in his report…
“The Brothers Winklevoss is not the first to be outsmarted by a competitor. And then by legal battles trying to win back what they lost in the market”
The judge also noted that the twins had highly paid lawyers. And their father, who shall be an expert in valuation.
It remains to be seen whether this was now the last “fight” between Mark Zuckerberg and the twins Winklevoss