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This frightens me. Not that the judge rejected their lawsuit (that's excellent news), but rather, that it's obvious that no amount of money can make these two h
by rglover 15y ago
This frightens me. Not that the judge rejected their lawsuit (that's excellent news), but rather, that it's obvious that no amount of money can make these two happy. Not only is $65M a lot of money, but in all honesty, it's a stretch that it's even theirs. Even if they did have the original idea for Facebook, their execution of that idea was so ghastly that it doesn't even matter. If these two were real entrepreneurs, they'd be thankful for the outrageous sum they've already received and put it into a new company. Speaking of which, are they seriously operating under the DBA of ConnectU just to hassle Facebook?
- mikendn 15y agoActually, their "winning" is a lot more than $65M. They took $20M in cash, and the rest in facebook stock, which has increased from the 15B valuation to anything from 50B to 70B now on the private secondary markets.
- rglover 15y agoThat fact makes me cringe.
- jvc26 15y agoYeah - its incredible when you consider just how much the cash, and more importantly the stock they've already gained is worth. They are like a patent troll in many ways - keen to exploit as much money from someone without having to put in more graft themselves!
- jonnathanson 15y agoI'm not a lawyer, but my guess is that they're operating under ConnectU as a CYA measure. That way, if the suit goes bust and/or they get countersued, then the company ConnectU is on the hook for the financial damages, and not the Winklevosses individually (or their families).
- rglover 15y agoMakes sense. Thanks for the clarification.