Skip to main content

Winklevoss Twins Finally End Litigation Against Facebook

The Winklevoss twins have finally decided to put an end to their long-standing legal battle with Mark Zuckerberg and Facebook.

The twins, who were contemporaries of Zuckerberg during his days at Harvard, have repeatedly claimed that the Facebook founder stole their idea and later used it to create Facebook.

They reached a $65 million legal settlement with Facebook back in 2008. However, they appealed for better terms than the $20 million in cash and $45 million stocks in the agreement, alleging that Facebook misled them on the true value of the company to reduce the size of the settlement.

The US court hearing the appeal ruled against the Winklevoss twins saying that they could not back out from the deal.

The twins then threatened to appeal to the Supreme Court to challenge the decision by the lower court. However, it seems that the twins have now decided not to bother the Supreme Court with their appeal.

The Winklevoss brothers did not disclose why they are ending the case after pushing ahead for through so many legal setbacks.

Zuckerberg Facebook have always rejected the charges brought against them by the twins, even when they agreed to a settlement in 2008 to what Facebook has called "rancorous litigation".