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Winklevoss Twins Finally Give Up Fighting Facebook
An anonymous reader writes "Facebook CEO Mark Zuckerberg's former Harvard classmates Cameron Winklevoss and Tyler Winklevoss, who accuse him of stealing their idea for the social network, have decided not to appeal to the Supreme Court. In a filing today with the federal court in San Francisco, the duo said that after 'careful consideration,' they decided not to seek Supreme Court review of the $65 million settlement."
First! Unless Mark wants it instead... I could use $65M
and bought my own tropical island to live on.
Dude, the preferred nomenclature is "Winklevii".
I've been having a hard time sleeping at night, with all this uncertainty as to which set of narcissistic pricks would end up minting a giant pile of pretend internet money during the fools-from-their-money-parted IPO... I feel so much better now that the matter is settled.
In ten or so years when Facebook goes the way of AOL (Because, lets be honest, facebook will somehow die. Eventually.) the Winkelvoss twins will be the ones who came out ahead.
There are some people that if they don't know, you can't tell 'em.
1) intend to launch a social network based on academia but do hardly anything
2) ???
3) profit!
It was just announced that they are going after the Doublemint Twins. Hoping for double the pleasure and double the fun.
they'd already won 65mil$, they had plenty of spare money to piss away trying to get a lot more. Even if their lawyers said hey you have about a 2% chance of winning, it'd still be worth the try.
I wonder if zuck will go after legal fees? again that's just a drop in both of their buckets at this point though. As usual, "the only winners are the lawyers".
I work for the Department of Redundancy Department.
$65 million
Suppose I had a nemesis and I won the lottery, I would immediately send my nemesis a check for $1000 just to piss him off. He would anguish over it for weeks and would never cash it in the end.
Seeing as how Zuckerberg's personal wealth is around $13.5 billion, this $65 million probably served a similar purpose.
Where do you buy the tinfoil for your hats? I think I know which company to invest my money in.
Yes, there was something strange about the source of money that went into creating Facebook, but somehow I doubt that the CIA thought that social networking websites were going to help track down targets. More likely, they wanted to see what sort of technology social networking websites would produce, which might be useful for their own intelligence gathering operations.
Palm trees and 8
What makes you think any of this is about animosity? They are greedy, that's all -- they didn't get billions they only got millions and they weren't satisfied with that. The fact that they could live comfortable for the rest of their lives without having to do any work whatsoever is irrelevant to them.
Palm trees and 8
I'd have done it, just for kicks. What other excitement exists in the life of a multi-millionaire, besides suing each other and being sued?
"First they came for the slanderers and i said nothing."
...maintaining their basis at-par (inflation adjusted) with a conservative portfolio.
Or they could spend it all on hookers and blow in the first year, dieing penniless, unloved, and face down in their own vomit. Send your suggestions to winklevossmillions.org today.
They are in business school and they tried to recruit mark for his skills. They had no contract and what they actually wanted to create was more like a dating site rather than anything like what Facebook turned into.
I get offers all the time to create web sites for people but I'm like you have to have it all thought out and then come to me. Storyboard everything. If you can't do that we are wasting each others time. The idea person actually has to have an idea rather than me doing all the work creating the product. If I have to create the product and I'm doing it all myself anyway then I'm going to do it for myself. It takes more than a half cocked idea to actually make something like Facebook. The whole thing was sold on growth and being the next it thing and that's more than creating a few web pages.
It is not as good an experience as you think it may be.
IANAL but write like a drunk one.
Has anyone else noticed the trend of LARGE corporations, like McDonald's, Coca-Cola, etc, not only having their own WEBsites, but ALSO "Like us on Facebook" in their own ads? Did we see this kind of trend with MySewer? No. It is almost as though Facebook is becoming a "second Internet" of sorts.
Advertisers are flocking to Facebook because it has a very effective advertising model. (I know, I have used it!) It combines the best of all features. Everything from extremely focused, targeted adverts with broad-scale, wide-distribution, to small-area/local ads. Mom and Pop businesses can EASILY afford to advertise (very effectively, BTW!) on Facebook, and limit the distribution of their ads to within just a few miles of their location. That's why I seriously doubt that Facebook is going away any time soon.
Unless, of course, they do something that utterly and completely ticks-off a majority of their userbase, so they leave en masse... but that would also depend upon whether a truly viable alternative existed.
Willie...