New Technology Reviews!.: Twins

Wiklevoss twins finally settle with Facebook for £48 million

The Winklevoss twins, who have been engrained into the history of Facebook thanks to the movie The Social Network, have finally accepted a $65 million (£48 million) payout from Mark Zuckerberg and Facebook. This comes after the twins decided to re-ignite their feud with Facebook and Zuckerberg – who they initially claimed took the idea of the social network from them – by trying to undo the settlement they agreed on in 2008. In April, however, this was turned down by the Supreme Court and while they were going to appeal in May the twins have now made the decision not to. "After careful consideration [the] appellants no longer oppose issuance of the mandate, and have no objection to vacatur of the stay of issuance of mandate," said the filing. Taking stock The Winklevoss case is one of the more interesting in the tech world, given that it stems from Zuckerberg's time at Harvard with the twins. Originally they accused Zuckerberg of breaking an 'oral contract' with the twins, where he said he would complete work with them on their university social network idea, the Harvard Connection. Instead of completing this website, Zuckerberg went on to make TheFacebook – a social networking site that was originally restricted to Harvard graduates. One of the reasons not to appeal may be to do with the amount of stock on offer. The money bundle has been split as £12.5 million in cash, £28 million in stock. With estimates that Facebook could well be worth £100 billion in 2012, that stock option is now looking a lot more favourable than it did back in 2008. <a href="http://da.feedsportal.com/r/106215574334/u/49/f/9809/c/669/s/161c61a1/kg/221/a2.htm"><img alt="" border="0" src="http://img155.imageshack.us/img155/3277/66038347.gif" /></a><img alt="" height="1" src="http://img849.imageshack.us/img849/1962/11895464.gif" width="1" />

Wiklevoss twins finally settle with Facebook for £48 million

The Winklevoss twins, who have been engrained into the history of Facebook thanks to the movie The Social Network , have finally accepted a ...

Winklevoss Twins suing Facebook again

<div align="center"><img src="http://img254.imageshack.us/img254/4053/facebooklogo200200.jpg" /></div>The Winklevoss twins are attempting to sue Mark Zuckerberg for apparently stealing the idea for Facebook from them yet again, despite already being offered a $65 million (£41.85 million) settlement 
The 'Winkelvii' (as Jesse Eisenberg's character refers to them in The Social Network) claim to have originally come up with the idea for Facebook, which they claim Mark Zuckerberg stole from them while at Harvard University. 
Unhappy Winklevii 
Seemingly unsatisfied with being offered $65 million as a pay-off already, it seems that the twins feel that there is a principle at stake here. 
Hence Tyler and Cameron Winklevoss are suing Facebook in Federal Court again, 
The pair told the <a href="http://www.nytimes.com/2010/12/31/business/31twins.html?pagewanted=1&hp">New York Times</a> how they plan to pursue Zuckerberg in US courts until they feel justice is done. 
The Winklevii recount in interminable detail how they first met Zuckerberg in the infamous Kirkland House dining room, the layout of Zuckerberg's Harvard dorm and how they feel he stole the basic idea for Facebook from a website concept they had called Harvard Connection. 
Beyond all that rather dull detail, the twins also claim that Facebook has violated the US Securities Act of 1934 when it drew up the original settlement deal for $65 million. 
All good fodder for The Social Network 2, perhaps? 
 
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Winklevoss Twins suing Facebook again

The Winklevoss twins are attempting to sue Mark Zuckerberg for apparently stealing the idea for Facebook from them yet again, despite alrea...