Source:Valleywag
“Mo money, mo problems,” says a Facebook insider. The wisdom of the late Biggie Smalls explains, in a nutshell, why Facebook has found itself in court. A judge in Boston is considering at a hearing today whether to let a lawsuit filed by the founders of ConnectU — the Dickensian-named twins, Cameron and Tyler Winklevoss, and Divya Narendra — against Facebook CEO Mark Zuckerberg and his company proceed. This lawsuit, of course, only exists because of Facebook’s supposed success, and the inflated valuations bandied about by board members tired of fending off buyout offers. I’ll be covering this story throughout the day, but if you need to catch up, here’s the full coverage.
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This entry was posted
on Wednesday, July 25th, 2007 at 11:30 am and is filed under facebook, Mark Zuckerberg, Cameron Winklevoss, ConnectU, Divya Narendra, Tyler Winklevoss.
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