21–30 of 67 posts
The nature this case in relation to how it is being reported fascinates me. Let me summarize while making a few observations: 1. A guy comes out of nowhere and files a lawsuit in a state court in Allegany County, New York (population: about 50,000 - http://quickfacts.census.gov/qfd/states/36/36003.html ). 2. The lawsuit is filed on June 30, 2010 and consists of a grand total of 2 pages of allegations, coupled with a…
Of all the speculation on what could kill Facebook, did anyone ever imagine it might be a "wood fuel salesman" from New York? Sometimes truth is stranger than fiction.
Facebook paid [ConnectU] $65m to go away.
to be the most interesting. I don't follow the Facebook story very closely, but I had no idea that much money changed hands over the ConnectU thing.
The nature this case in relation to how it is being reported fascinates me. Let me summarize while making a few observations: 1. A guy comes out of nowhere and files a lawsuit in a state court in Allegany County, New York (population: about 50,000 - http://quickfacts.census.gov/qfd/states/36/36003.html ). 2. The lawsuit is filed on June 30, 2010 and consists of a grand total of 2 pages of allegations, coupled with a…
You're thinking like a lawyer, and focusing on the technicalities of the case. Everyone else is taking the contract at face value. If Zuckerberg gets out of this on a legal technicality, it's because he's damned lucky that the contract he signed wasn't written by a better attorney. Frankly, I doubt that most laypeople like the precedent of that outcome.
The nature this case in relation to how it is being reported fascinates me. Let me summarize while making a few observations: 1. A guy comes out of nowhere and files a lawsuit in a state court in Allegany County, New York (population: about 50,000 - http://quickfacts.census.gov/qfd/states/36/36003.html ). 2. The lawsuit is filed on June 30, 2010 and consists of a grand total of 2 pages of allegations, coupled with a…
I wish I could subscribe to your HN comments as a RSS feed.
The nature this case in relation to how it is being reported fascinates me. Let me summarize while making a few observations: 1. A guy comes out of nowhere and files a lawsuit in a state court in Allegany County, New York (population: about 50,000 - http://quickfacts.census.gov/qfd/states/36/36003.html ). 2. The lawsuit is filed on June 30, 2010 and consists of a grand total of 2 pages of allegations, coupled with a…
Despite the shoddiness of Mr. Ceglia's case against FB, at what point does the price of negative publicity outweigh the price of a cheap settlement for FB?
Why would a Harvard student give up 50%+ of ownership for a mere $1000?
$1000 of weed/beer in exchange for 50% of a worthless venture probably sounded ok at the time.
Even though I surely could use the money I'm way too arrogant to give up 50% of something I'm working on. I think the entire planet knows how arrogant Zuck is (not necessarily a bad thing).
Earlier quoted context omitted.
Also, why didn't he resolve the situation by either starting a new company or buying back his shares as soon as it was apparent Facebook could become something big?
possibly because he is/was young and naive
Earlier quoted context omitted.
What exactly would be a decent offer considering the valuation of FB?
As commented in another thread, it would be ludicrous for Microsoft, Digital Sky Technologies et al. to allow Mr. Ceglia a seat on Facebook's board. They will explore and deploy every legal option to avoid this. It is not so ludicrous for investment bankers to engineer a tax-minimal FU-style lifestyle for Mr. Ceglia by endowing a non-profit for some pet interest of his choice and paying him handsomely. If Mr. Ceglia…
No it doesn't. The issue was never "who thought of Facebook first". All of this was when Myspace was at it's peak. Everyone had the idea to do a Myspace competitor.
The issue is Zuckerberg taking people's money and making false commitments by accepting a job and lying to the ConnectU guys that he was still working on it to delay them as much as he could.