Winklevoss Twins Drop Lawsuit Against Facebook, Mark Zuckerberg
In 2008 Facebook CEO Mark Zuckerberg wrote Tyler and Cameron Winklevoss, more commonly referred to as the Winklevoss Twins, a check for $200 million after they claimed Zuckerberg stole the idea for Facebook from their ConnectU platform which he was hired to work on during his time at Harvard University, a settlement that we thought would end the dispute, fast forward three years later and the brothers have dropped their second lawsuit which was filed in May 2011.
In their newest lawsuit the brothers claimed that Zuckerberg and his Facebook team in 2008 highly undervalued the worth of the company, leaving money on the table that the brothers had hoped to collect.
After fighting for more cash the Ninth Circuit Court of Appeals noted:
“At some point, litigation must come to an end. That point has now been reached.”
Not willing to take no for an answer the brothers soon afterwards filed an appeal with the U.S. Supreme Court before deciding to finally drop their fight with Facebook.