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New Facebook Lawsuit

 1:54 pm on Apr 12, 2011 (gmt 0)

Just as soon as the Winklevoss' case gets chucked out, another one pops up.

Remember Paul Ceglia?

He's the fellow in upstate New York who sued Mark Zuckerberg last July, claiming that, way back in 2003, Zuckerberg had agreed to give him a 50% ownership in the project that became Facebook.

That claim seemed preposterous at the time, not least because Ceglia had waited 7 years to file it.

The purported contract (we analyzed it here) gave Ceglia a 50% ownership in "the face book" project in exchange for funding its initial development, as well as an additional 1% ownership of the project per day for every day that the project remained uncompleted past a certain launch date


[edited by: engine at 4:59 pm (utc) on Apr 12, 2011]
[edit reason] added quote [/edit]



 2:10 pm on Apr 12, 2011 (gmt 0)

He'll take a backdoor payoff like so many others involved with Zuckerburg's shady dealings. However, I'd love for him to win, regardless of how much negative PR Facebook is trying to give him.


 2:25 pm on Apr 12, 2011 (gmt 0)

Really interesting read. Not really followed Facebook, other than be aware that it's grown to a really impressive size.

No idea if it's genuine, and no idea if anything will come of it.

Curious to know how this one works out.


 12:46 pm on Apr 14, 2011 (gmt 0)

The emails then include Zuckerberg telling Ceglia that the Facebook site is not doing well. They include Zuckerberg telling Ceglia that the site has seen so little success that Zuckerberg is thinking of shutting it down.



 12:54 pm on Apr 14, 2011 (gmt 0)

Fun, smart summary of what is going on here:


 3:52 pm on Apr 14, 2011 (gmt 0)

Wow, this is quite shocking, and actually quite believable based on everything else we've known about Zuckerberg. The emails read out exactly as all Marks other dealings have been written of in the past as well.



 9:03 pm on Apr 14, 2011 (gmt 0)

Yeah, it will be a comedy.
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