They just can't let go: Winklevoss twins continue legal battles against Mark Zuckerberg's Facebook

Posted by Knowlton Thomas

How many Olympic athlete, Harvard University graduates with $65,000,000—on top of family wealth—in their pockets can find reason to complain?

I can count two.

Cameron and Tyler Winklevoss, wealthy athletes who won $65 million in a settlement with Facebook. If you've watched The Social Network, of just followed Facebook news over the past year, you know that the "Winkelvi" twins, as they are comically called once in the movie, believe that Mark Zuckerberg deceived them and turned their idea—the narrow-minded ConnectU—into today's $50-billion empire, Facebook.

Their case is weak, evidence is lacking, and yet they managed $65 million. Graduates of one of the world's most prestigious academic institutions, Olympic athletes, and already wealthy by family ties, should the Winklevi really push for more?

Most would argue no, but Cameron and Tyler believe that the $65 million share was based on a valuation far, far below $50 billion. But why should they continue to get a bigger slice of the pie when they haven't had any influence—assuming they ever did—on the company for over six years? 

"One of us here is not like the others..." - Sesame Street

The answer is they shouldn't. Which is why it was amusing to read an article today in the Globe and Mail, which points out that they're not getting any love in the courtroom:

Cameron and Tyler Winklevoss found a skeptical audience Tuesday as they tried to convince a U.S. appeals court to let them out of a $65-million settlement over the founding of online social network Facebook.

The 6-foot, 5-inch brothers, sat in the front row at the 9th U.S. Circuit Court of Appeals Tuesday.

Senior Judge J. Clifford Wallace pointed out that the twins had several lawyers representing them at settlement talks, and that their father is a business expert.

That makes it difficult to believe that anyone took advantage of them, Wallace said.

“I agree my clients were not behind the barn door when brains were passed out,” said Jerome Falk, an attorney for the twins.

What's left to be said? These guys are flies buzzing around Mark's head by this point, and quite frankly, they don't need a penny more. They have more than enough money, fame, and life achievements; why dig themselves a hole now of all times?

Unless they're gunning for a sequel. The Social Network 2: Attack of the Winklevi.

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more




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