Facebook idea was stolen from what twins

Dispute over Facebook idea: Winklevoss twins won't give up

The former fellow students continue to accuse Facebook founder Mark Zuckerberg of stealing ideas. The twins now want to turn on the Supreme Court. But their chances are slim.

Not satisfied with $ 65 million: the Winklevoss twins. Image: Reuters

SAN FRANCISCO dpa | The dispute over the founding of Facebook does not come to an end. The Winklevoss twins, who accuse Mark Zuckerberg of stealing the idea for the online network, now want to go to the US Supreme Court.

Even though Tyler and Cameron Winklevoss had suffered the next setback on Monday. An appeals court declined to re-examine her case. The Supreme Court is not even sure whether it will even look into the matter: the judges usually select cases in which fundamental constitutional questions are at stake.

The twins, who were studying with Zuckerberg at Harvard, want to void a 2008 settlement that made them $ 65 million at the time. They accuse Facebook of having ripped them off in the settlement and would like to take up their allegations of theft of ideas again.

The appellate court had already rejected the twins in April, at last they wanted it to deal with their case again in a larger group, which was also thrown out. Now her law firm wants to turn on the Supreme Court on the grounds that the appeal court's decision contradicts precedents.

Secretly raised your own network

When they were studying, the Winklevoss twins had hired their fellow student Zuckerberg as a programmer for their own website, which they wanted to set up together with their partner Divya Narendra. However, the Winklevoss brothers claim that Zuckerberg stole their idea and secretly set up his own social network called Facebook. That's a company today valued at over $ 50 billion. The value of the comparison also rose to well over $ 100 million due to the equity stake.

Meanwhile, the twins themselves have been sued by a former business partner who claims they willfully passed him over in the settlement.

For his part, Zuckerberg also has to defend himself against allegations by a former wood pellet dealer who claims up to 80 percent of Facebook. The man claims to have sponsored Zuckerberg's work on a site called "The Face Book" as a partner. According to media reports, Facebook describes a contract and emails that it presented as a fake.

Facebook doesn't want a fight before going public

It would be good for Facebook to finally put an end to the disputes over the beginnings of the world's largest online network in the coming months. Because for May 2012 an IPO of Facebook is expected. The references to preparations are increasing. So reported the US business broadcaster CNBC on Monday, Facebook representatives had met with bankers to discuss the possible volume and the schedule. According to the information, the talks began in April and lasted at least into May.

Facebook had already indicated that it would go public in 2012 after investors had been trying to get shares in the booming company for months. Among other things, the investment bank Goldman Sachs got on board. Such opaque private placements off the stock exchange are a thorn in the side of the US financial regulator SEC.

Facebook's IPO could become one of the largest in history. The company, with around 600 million customers, is now valued at $ 60 billion.