Facebook(Latest News)

Posted by ADMIN On 11:40 AM


Well, the headline might look crazy to you, but the fact is that Paul Ceglia, initial
partner of Mark Zuckerberg (the founder and CEO of facebook), is claiming to have 50
percent financial rights over Facebook, based on his initial investment of USD 1,000 – that
 he made back in 2003.

This way, Paul Ceglia is potentially the luckiest investor in the history of tech world.
 He, may get as many shares in Facebook as Zuckerbeg has – based on his 1,000 dollars
investment that he made in facebook in early days...


Paul says that he has the copy of contract with at least one dozen emails, which facebook
says are fake, to prove that his initial investment is legit and he is rightful owner of
facebook shares (exactly equal to Zuckerberg’s) valuing around 10 billion dollars.

It all started back in 2003 when Zuckerberg shared his idea of year book
(later called as facebook) with Paul and asked him for fund injection, which Paul agreed
 and paid 1,000 dollars to Zuckerberg against 50 percent stakes in the project.

After several months of this initial investment by Paul, Zuckerberg was able to
launch facebook in early 2004, which turned out to be a successful project (though the
access to website was limited to Harvard University students only).

Later on, in summer 2004, Zuckerberg seemingly lied to Paul and said that project didn’t
go through well and he’s thinking of taking the website off-air. He offered Paul the the
refund of his investment, which Paul claims Zuckerberg never made.

Currently the case is in court, and may turn out to be one of the biggest tech stories of
 history.
Just to add here, in past, facebook had to pay 65 million dollars to Winklevoss
brothers (who were without any document proof) in a settlement case when both the
brothers had accused Zuckerberg of stealing their idea of launching facebook.

1 Response to "Facebook(Latest News)"

  1. Anonymous Said,

    is it true????

     

Post a Comment

Google Translator

Search Box

Blog Archive

User Status

Free counters!

About Me

ADMIN
Pakistan
View my complete profile

Recent Posts

Recent Comments