We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Facebook rivals accept settlement

Founder offers fellow students undisclosed sum

Facebook founder Mark Zuckerberg has settled a long running dispute over the origin of the idea for the social networking site.

Fellow Harvard students Cameron and Tyler Winklevos accused Zuckerberg of stealing the idea for Facebook after being employed by the pair to write code for a site called Harvard Connection.

The lawsuit was first filed against Facebook, Zuckerberg and his co-founders in September 2004 by the Winklevosses and ConnectU, the successor company to Harvard Connection they founded with partner Divya Narendra.

It's alleged that Zuckerberg agreed to work for the Winklevosses but kept putting off creating the code before launching Thefacebook.com, which eventually became Facebook, in February 2004.

According to court papers, the pair accepted an undisclosed sum from Zuckerberg after a US judge rejected their claims that Facebook had committed fraud by failing to disclose crucial documents related to Zuckerberg's actions.

The conditions of the settlement are thought to include the purchase of ConnectU for cash and common stock.

"The ConnectU founders understood the deal they made, and we are gratified that the Court rejected their false allegations of fraud," Facebook said.

See also: Facebook now bigger than MySpace


IDG UK Sites

Sony Xperia Z3 Compact review: A better deal than the Z3 and most smartphones

IDG UK Sites

Why people aren't upgrading to iOS 8: new features are for power users, not the average Joe

IDG UK Sites

Framestore recreates ancient China for Mr Bean's martial arts misadventure

IDG UK Sites

iPad Air 2 review: Insanely fast and alarmingly thin. Speed tests, camera tests and more