Tag Archives: Cameron Winklevoss
Grafitti Artist David Choe May Make $200 Million When Facebook Goes Public
Grafitti artist David Choe took Facebook stock instead of cash for painting the walls at the company’s first headquarters. That was a great move because his stock may be worth $200 million when the company goes public later this year. Facebook announced a $5 billion public offering on Wednesday afternoon that would value the company at between $75-$100 billion.
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Paul Ceglia Now Interested In Talking To Winklevoss Twins
Paul Ceglia is best known for filing a lawsuit against Facebook and Mark Zuckerberg. Ceglia said he had a document that shows that Zuckerberg promised him equity in Facebook that would be worth over half of the company. Interestingly Paul Ceglia has decided to contact the Winklevoss twins via Twitter.
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Categories Cameron Winklevoss, Facebook, Paul Ceglia, Tyler Winklevoss
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Winklevoss Twins Expected To Pay $13 Million To Facebook Settlement Lawyers
An appellate court in New York has decided not to hear any further arguments about why Tyler and Cameron Winklevoss should not have to pay $13 million to a law firm that helped them draft a settlement agreement with Facebook. The Winklevoss twins sued Facebook several years ago and eventually agreed to a $65 million settlement.
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The Winklevoss Twins Respond To Larry Summers
A few days ago, I wrote about how former Harvard University president called the Winklevoss twins a**holes while on stage at a conference hosted by Fortune. In a politically correct response, the Winklevoss twins responded by saying “We now further understand why our meeting was less than productive; someone who does not value ethics with respect to his own conduct, would likely have little interest in this subject as it related to the conduct of others. Perhaps there is a “variability of aptitude” for decency and professionalism among university faculty.” That statement was made in a letter to current Harvard University president Drew Faust.
Former Harvard President Larry Summers Calls The Winklevoss Twins “A**holes”
Larry Summers was the U.S. Secretary of Treasury under President Bill Clinton and served as the 27th President of Harvard University. Actor Douglas Urbanski played Summers in the hit movie “The Social Network. Those of you that have seen the movie will know that Summers dismissed Tyler and Cameron Winklevoss when they presented him with the case that Facebook co-founder Mark Zuckerberg stole their idea. The real Larry Summers told his side of the story and he did not have kind words about the twins.
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Winklevoss Twins Taking Facebook Case To The Supreme Court
The Ninth Circuit Court of Appeals denied Tyler and Cameron Winklevoss’ request for rehearing their high-profile lawsuit against Facebook and Facebook CEO Mark Zuckerberg. Howard Rice, the lawyer for the twins, said that they intend to petition the lawsuit to the U.S. Supreme Court. Rice, the Winklevoss twins, and Divya Narenda want to invalidate a previous multi-million settlement due to suspicion for not receiving the true valuation of the social networking company at the time of the settlement. Below is a press release about the lawsuit:
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Wayne Chang Awarded Day In Court To Make Case Against Winklevoss Twins
When I first wrote about Wayne Chang in December 2009, he was in the process of suing the Winklevoss twins. The Winklevoss twins was initially given a $65 million settlement with Facebook and Chang believes he is entitled to a cut of that. Chang argues that his former company i2hub Organization was blocked from receiving money from the 2008 settlement Facebook made with the Winklevoss twins.
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Winklevoss Twins To File A Rehearing With 9th Circuit Court Of Appeals Over Facebook Case
Earlier this week a panel of Federal Appeals made a ruling that Tyler and Cameron Winklevoss had to accept a ruling from 2008 that they must accept a $65 million settlement with Facebook. Based on the stock that the Winklevoss twins would be given, the $65 million in stock from back then is now worth over $100 million.
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Categories Alex Kozinski, Cameron Winklevoss, ConnectU, Facebook, Tyler Winklevoss
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Potentially New Evidence In Paul Ceglia’s Lawsuit Could Be Bad News For Facebook
Last month a judge sided with Mark Zuckerberg to keep Paul Ceglia’s lawsuit in federal court rather than bringing it to a state court trial in New York. Ceglia claims to have 84% ownership in Facebook and supposedly has documents that prove it. Although Facebook claims the documents are fake, Ceglia is now being represented by prestigious law firm DLA Piper. DLA would not represent Ceglia unless they thought he had a case. Below is a break down of the whole situation:
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