We’ve all either seen or heard about the movie “The Social Network.” The movie documented how Facebook was created. Marc Zuckerberg apparently did not come up with the idea for the social networking site on his own but he actually stole the idea from Cameron and Tyler Winklevoss. Zuckerberg and his friend Eduardo Saverin (CFO) started the site on their own and later Marc Zuckerberg was sued and ended with a settlement to be paid to the Winklevosses.
Now Zuckerberg finds himself in another lawsuit! Paul Ceglia, who loaned Zuckerberg $1,000 to help him launch ‘The Facebook’ while he was at Harvard, is suing for 50% of the company!!! If in fact Ceglia loaned Zuckerberg $1,000 to launch the site, why does he think he’s entitled to 50% of the company???!!! Also, why wasn’t he suing Zuckerberg around the same time that Eduardo Saverin and the Winklevosses were suing him?! This sounds a little sketchy to me!
This was a statement I took straight from the article, “When Facebook does file for an initial public offering one of the risk factors will read like this: Everyone that has bought Mark Zuckerberg a cup of coffee at Harvard is now suing for a stake in the company.” And I believe it! $1,000 to start a company is minute to what the cost of starting a business really amounts to. And, Ceglia states that he “fronted” the money. “Fronting” money says to me that he “loaned” the money to Zuckerberg and now is expecting an OUTRAGEOUS return for his kind gesture.
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