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
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
"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.
quote: Facebook Founder Accused of Stealing Idea for Site
quote: Winklevoss Twins File Yet Another Lawsuit Against Facebook
quote: Winklevoss Twins Continue Facebook Fight
quote: Winklevoss Twins Decide Not to Seek Supreme Court Review in Facebook Settlement Case
quote: "We've considered this case closed for a long time, and we're pleased to see the other party now agrees,"