Winklevoss Twins Lose Court Battle against Facebook Founder Mark Zuckerberg

By on Apr 12, 2011 in Internet, Technology, United States Comments

Winklevoss Twins
Image Credit: digitaltrends.com

The Winklevoss twins, Cameron and Tyler, lost a battle in court against Facebook founder Mark Zuckerberg. The twins claimed that in 2008, they were misinformed about Facebook’s value. This was reported by US news sites, April 11, 2011.

During that past settlement, the Winklevoss twins received $20 million in cash and Facebook stocks amounting to $ 45 million. In the recent case, the judge said that they have to honor the settlement done in 2008.

The Winklevoss twins previously claimed that Mark Zuckerberg had stolen their idea in 2003 when they commissioned him to do a work for them and instead created his own site, Facebook.

The recent development with the Winklevoss twins has granted Facebook another victory which goes alongside its phenomenal increase in membership and, undoubtedly, its market value for being Top 1 among all social networking sites. Marck Zuckerberg wins again.



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