Winklevoss Twins and Facebook

I thought this was pretty fitting to the topic of my blog considering Facebook is one of the top social networking sites.

The Winklevoss vs. Mark Zuckerberg lawsuit has come back into the spot light recently. The Winklevoss twins and another classmate had signed a settlement awarding them $65 million (cash and Facebook stock). However now they have taken the case back to court arguing that Facebook gave them false stock value. Yesterday though a judge ruled that their settlement cannot be undone. The Winklevosses and classmate should have gotten a lot more- since now Facebook is valued at over $50 billion. They could have been entitled to more money. According to the New York Times (read first article below), their settlement is now worth around $200 million dollars.

Articles
http://www.nytimes.com/2011/04/12/technology/12facebook.html?_r=1&scp=1&sq=winklevoss&st=cse

http://money.cnn.com/2011/04/11/technology/winklevoss_facebook_lawsuit/index.htm

http://www.guardian.co.uk/commentisfree/cifamerica/poll/2011/apr/11/facebook-mark-zuckerberg