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From Left to Right: Tyler Winklevoss, Divya Narendra, and Cameron Winklevoss  (Source: cotabatoexchange.com)
The twins said that they reconsidered the matter and decided that they would not seek Supreme Court review in a filing in court today

At the core of Facebook's history is a long, drawn-out battle between its creator and two wannabe social network leaders. But after years of litigation, the Winklevoss twins have finally decided to let it go and stick with their $65 million settlement.

Tyler and Cameron Winklevoss attended Harvard University with Mark Zuckerberg, who later became the CEO of Facebook. In 2002, the Winklevoss twins created HarvardConnection, which was a social networking site that was later changed to the name "ConnectU." In 2003, the Winklevosses lost their programmer for the site and asked Zuckerberg to fill in. Zuckerberg allegedly entered an oral contract with the Winklevosses and their partner, Divya Narendra. 

After entering this oral contract, Zuckerberg started creating his own social networking site called "thefacebook.com" over the next two months. During this time, he exchanged e-mails with the Winklevosses saying he was very busy, but would make changes to their site. On February 4, 2004, Zuckerberg launched thefacebook.com and the Winklevosses found out two days later. Outraged by Zuckerberg's actions, ConnectU filed a lawsuit against Facebook in late 2004 for breaking oral contract and for stealing the idea of ConnectU. 

The Winklevoss twins won a $65 million settlement in 2008, but decided to take it a step further in 2010 by filing yet another lawsuit claiming that a friend had allegedly lied about the value of Facebook, and that Zuckerberg had committed securities fraud. In April 2011, 9th U.S. Circuit Court of Appeals Chief Judge Alex Kozinski ruled that the Winklevosses must accept their previous $65 million settlement and nothing more. But the Winklevoss twins refused to give up, and said they'd seek a rehearing before a larger group of 9th Circuit judges, and the Supreme Court.

But now, the Winklevosses are changing their tune. The twins said that they reconsidered the matter and decided that they would not seek Supreme Court review in a filing in court today. The filing did not specify why they changed their minds. 

As expected, Facebook is pleased with the Winklevosses decision to finally let this go.

"We've considered this case closed for a long time, and we're pleased to see the other party now agrees," said Facebook in a statement.





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