Winklevoss Twins Withdraw Case Against Facebook

Remember Tyler and Cameron Winklevoss from the movie ‘The Social Network’? Well, the real Winklevii have decided to accept their compensation and withdraw their suit against Facebook and its founder, Mark Zuckerberg.

In 2008, they reportedly settled for compensation after they accused Zuckerberg of stealing their idea and website, The Harvard Connection. The compensation is worth $200 million today and the Winklevii appealed believing Facebook and Mark Zuckerberg had deceived them on the true value of Facebook stock in 2008. They had lost earlier in an appeal at the Ninth Circuit Court of Appeals, where the court declared “at some poing, litigation must come to an end. That point has now been reached.” The Winklevii disagreed with the judgement and took their case to the U.S Supreme Court. Reuters reports after “careful consideration”, the Winklevii have decided to withdraw their appeal.

I’m really not surprised at their decision. The U.S Supreme Court only accepts about 5% of all cases brought to it and majority of the 5% are cases that have to do with the U.S Constitution, and not a lot of business or personal suits. Is this the last Facebook will hear from the Winklevii? What do you think? Leave us a comment below

Source: Mashable


Binjo is passionate about(some say he's obsessed with) technology and the web. . In his spare time, Binjo runs UP NEPA! Where he blogs on a wide range of issues. Circle Him on Google+

Website - Twitter - Facebook - More Posts

No related posts.

Leave A Comment