The much talked about Facebook lawsuit has come to an end. Cameron Winklevoss and his twin brother Tyler Winklevoss have decided to end their fight with the CEO and founder Mark Zuckerberg.
The Winklevosses, 29, claimed Zuckerberg stole their idea for a social-networking site they called ConnectU.
In 2008 the twins were awarded a cash payment of $20 million and shares worth $45 million at the time. Deciding that $65 million wasn’t enough and claiming the shares were undervalued at the time of their settlement, they mounted a defense for a bigger payday in January 2011, planning to take it all the way to the U.S. Supreme Court.
They have since had a change of heart. In a filing earlier this week with the 9th U.S. Circuit Court of Appeals, they agreed that “after careful consideration,” they would not file a petition with the Supreme Court.
A spokesman for Facebook said: “We’ve considered this case closed for a long time, and we’re pleased to see that the other party finally agrees.”
Facebook is now worth more than $100 billion. The conflict was depicted in the Academy Award-winning film The Social Network in 2010.
Cameron Winklevoss and his brother Tyler competed in the men’s pair rowing event at the 2008 Beijing Olympics.
Photo: WENN