Word: connectuã
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...brothers and Narendra appealed to a San Jose district judge, stating that they were mislead into accepting stocks worth less than Facebook purported. In a move characteristic of the secrecy surrounding the settlement, Judge James S. Ware asked reporters to leave the courtroom during the proceedings. Ultimately, he rejected ConnectU??s appeals. With the figure now out in the open, media sources continue to speculate on the reasons for the settlement, as well as the settlement itself. “Sixty-five million dollars is a significant sum—it’s certainly more than...
Facebook.com founder Mark E. Zuckerberg will soon shake a lawsuit that has dogged his multi-billion dolllar social networking site since its inception in a Kirkland House dorm room, according to the New York Times. The Times reported yesterday that Facebook and ConnectU??a similar site launched by three Harvard graduates who allege that Zuckerberg stole the concept after working for them—will soon settle their competing law suits. Neither Facebook, ConnectU, nor Facebook’s attorneys returned requests for comment yesterday. A lawyer representing ConnectU declined to comment. According to the Times...
...face hauntingly graces thefacebook.com’s Matrix-esque top banner bar. The Winklevoss twins have been featured in New York Magazine, modeling $700 blazers. Zuckerberg’s face has been featured on hundreds of thousands of internet browsers, modeling a cheap collared shirt. Still, if ConnectU??s recent lawsuit against thefacebook is any evidence, it seems like the Winklevosses wouldn’t mind trading places...
...successful because it filled a void, it filled it well and it filled it first. Students at Harvard and elsewhere needed a system to make it easy to form study groups; they needed a way to block out non-college-educated rabble from their buddy list. But as ConnectU??s lackluster debut has shown, they only needed one way. ConnectU accuses Zuckerberg of stealing aspects of their business model. It’s good he didn’t steal the part that said: “Launch site in May.” Thief or not, Zuckerberg...
...think one also has to realize lawsuits cost quite a lot of money and this is...not going to be a small price,” Hughes said. “I think that might be part of [ConnectU??s] strategy...