Mark Zuckerburg and Facebook received some good news Monday, when a U.S. appeals court ruled that the Winklevoss twins have no right to try and back out of a settlement they reached with the social network company in 2008.
Cameron and Tyler Winkelvoss gained substantial notoriety after the film “The Social Network” portrayed the duo as having their idea for a social network website for college kids ripped off by Zuckerburg, who was commissioned by the pair and Divya Narendra to help build a site called ConnectU. The film made the twins seem like a special breed of upper-class yuppies, who may have gotten what they deserved.
The settlement the Winklevoss twins received, and will not be changed now, was for $20 million in cash and $45 million in Facebook stock, according to the Wall Street Journal. The worth of the stock given to the Winklvoss twins and Narendra has been a subject up for debate, as is the actual worth of Facebook.
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