Sunday, March 14, 2010

Facebook still belongs to Mark Z

Thursday, June 26, 2008, 9:39
This news item was posted in News category and has 1 Comment so far.

By Lex Davidson

Love him or hate him, Facebook founder Mark Zuckeberg still is in control of his company despite overwhelming pressure to take the leading social network to an IPO or acquisition.  And it appears that he has beaten his most recent fight with ConnectU, the group of Harvard students (former classmates of Zuckeberg) who claimed that Mark pilfered their business concept and code to launch what is now the world’s largest online social network.

Facebook settled with ConnectU back in February, however they recently attempted to open the case back up citing additional evidence that would have helped secure a higher settlement amount.  However, a few minutes ago that the judge has officially closed the case.  I think the judge phrased it perfectly when he said that the students were feeling a little “Buyer’s remorse”.

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One Response to “Facebook still belongs to Mark Z”

  1. ConnectU founders decide to go for a different type of Gold | Editechial said on Friday, June 27, 2008, 9:10

    [...] final verdict from the judge saying that they could not go after Facebook for a larger settlement (coverage), ConnectU founders, Cameron and Tyler Winklevoss, have announced that they were selected to join [...]

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