Facebook pay up in case settlement
According to the Guardian, Facebook have paid up to $65m – $20m cash and a 1.25m shares – to end a lawsuit in which Mark Zuckerberg, now its chief executive, was accused of stealing the idea for the social networking site from a company called ConnectU.
The case, brought against Zuckerberg by three former classmates, Divya Narendra and the brothers Tyler and Cameron Winklevoss, had threatened to derail Facebook.
For more on this story click here to read the Guardian article
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