Tuesday 30 April 2013

Mark Zuckerberg



Regular users of Facebook must be well aware of the fact that the social networking site has been the center of several  controversies since long.
From online privacy , child safety , and the inability to terminate accounts without first manually deleting the content , Facebook has faced all kind of criticism. But  the CEO and President of Facebook, Mark Zuckerberg too  is not away from the controversies.

Zuckerberg  has not reached the top without controversies, the most significant being doubts over the originality of the idea . " Connect U " controversy is the one we would mention here .

Former Harvard classmates Cameron Winklevoss and Tyler Winklevoss claim that Zuckerberg stole their idea  for social networking site whilst he was employed by them to assist with the sites development , the site in question being " Connect U " .com  They filed a lawsuit as early as 2004 but the case was  dismissed in march 2007, although it was quickly refiled in Boston , eventually Facebook settled the case for $65 m .

A bit more into it Divya Narendra , Cameron winklevoss, and Tyler Winklevoss, founders of the social networking website Connect U , filed a law suit against facebook in September 2004.

The law suit  alleged that Zuckerberg had broken an oral contract to build the social networking site, copied the idea and used the source code that they provided to Zuckerberg to create competing site Facebook .

They filed a law suit in 2004 but it was dismissed  on technicality on March 28,2007 .
 It was refiled soon there after in federal court in Boston.

Facebook counter sued in regards to Social Butterfly, a project put out by the  Winklevoss chang Group, an alleged partnership between Connect U and i2hub. On June 25 2008 , the case settled and Facebook agreed to transfer over 1.2 million common shares and pay $20 million in cash .


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