Could This Email Cost Mark Zuckerberg 50% Of Facebook? - Spokane, North Idaho News & Weather KHQ.com

Could This Email Cost Mark Zuckerberg 50% Of Facebook?

HUFFINGTONPOST.COM - Facebook creator Mark Zuckerberg scored a major victory on Monday, when a U.S. appeals court ruled that the Winklevoss twins could not appeal their previous settlement with Facebook over claims that Zuckerberg had stolen their idea for a similar site. But the victory may prove to be short-lived.

Another of Zuckerberg's former challengers, Paul Ceglia, has again reared his head.

Ceglia, a New York state businessman, has produced new evidence in his case against Facebook. Last year, Ceglia filed a lawsuit claiming that Zuckerberg had signed a contract in 2003 that awarded Ceglia $1,000 and a 50-percent stake in the successful social network. In return, Ceglia said that he worked as a designer and developer on Zuckerberg's site, while Zuckerberg worked as a coder for Ceglia's StreetFax.com.

Facebook denied Ceglia's initial claims, and many wondered why Ceglia had waited seven years to come forward. In addition, Ceglia had been arrested in 2009 and charged with criminal fraud.

While Ceglia's allegations seemed far-fetched in 2010, Business Insider reports that he has refiled his case and has brought forward more than a dozen emails allegedly written by Zuckerberg in 2003 and 2004.

In one purported email from 2003, Zuckerberg bounces around ideas for renaming the site and suggests that a good way to monetize would be to charge alumni $29.95 a month. In another, he mentions a pair of Harvard classmates [presumably the Winklevoss twins] who have a similar website idea. As the launch of Zuckerberg's website is delayed into 2004, the email correspondences begin to break down. Ceglia reminds Zuckerberg that their contract entitles him to a larger percentage of Zuckerberg's company the longer the site is delayed.

In an alleged email dated February 2, 2004, Zuckerberg mentions his contract with Ceglia explicitly, writing,

Paul, I have a rather serious issue to discuss with you, according to our contract, I owe you over 30% more of the business in late penalties which would give you over 80% of the company. First I want to say that I think that is completely unfair because I did so much extra work for you on your site [StreetFax.com] that caused those delays in the first place and second I don't even think it is legal to charge such a huge penalty. [...] I'd ike to suggest that you drop the penalty completely and that we officially return to 50/50 ownership.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Mothers describe witnessing attempted child luring near Glass Park

    Mothers describe witnessing attempted child luring near Glass Park

    Thursday, June 22 2017 10:58 PM EDT2017-06-23 02:58:25 GMT

    SPOKANE, Wash. - Do you know where your kids are? Thankfully, two women say they were around after a man tried to lure their kids into his car. It happened Wednesday morning in North Spokane near Glass Park off of Hoffman Street. Spokane Police say they are calling this an attempted child luring and they are actively searching for the man. Misty Coleman-Woods says a man in a Subaru pulled up to her home around 10:30 a.m. on 

    >>

    SPOKANE, Wash. - Do you know where your kids are? Thankfully, two women say they were around after a man tried to lure their kids into his car. It happened Wednesday morning in North Spokane near Glass Park off of Hoffman Street. Spokane Police say they are calling this an attempted child luring and they are actively searching for the man. Misty Coleman-Woods says a man in a Subaru pulled up to her home around 10:30 a.m. on 

    >>
  • At Glastonbury, Depp asks about assassinating the president

    Friday, June 23 2017 1:31 PM EDT2017-06-23 17:31:01 GMT

    LOS ANGELES - Johnny Depp has asked a crowd at the Glastonbury Festival when was the last time an actor assassinated a president. The remarks came during a segment Thursday in which Depp was speaking about President Donald Trump. He asked the question at the annual festival that celebrates the performing arts.

    >>

    LOS ANGELES - Johnny Depp has asked a crowd at the Glastonbury Festival when was the last time an actor assassinated a president. The remarks came during a segment Thursday in which Depp was speaking about President Donald Trump. He asked the question at the annual festival that celebrates the performing arts.

    >>
  • PHOTOS: $450,000 home in Seattle vs. $450,000 home in Spokane

    PHOTOS: $450,000 home in Seattle vs. $450,000 home in Spokane

    Wednesday, June 21 2017 7:33 PM EDT2017-06-21 23:33:56 GMT

    SPOKANE, Wash. - Location, location, location.  You may have seen a post making its way around social media of a house listing in Seattle for nearly $450,000. That sounds about right for the area, right? Well this house is a bit of a fixer upper. The kind with lots of potential if you invest the time and money.  Currently, however, it is shown on the real estate site Redfin in less than perfect condition. 

    >>

    SPOKANE, Wash. - Location, location, location.  You may have seen a post making its way around social media of a house listing in Seattle for nearly $450,000. That sounds about right for the area, right? Well this house is a bit of a fixer upper. The kind with lots of potential if you invest the time and money.  Currently, however, it is shown on the real estate site Redfin in less than perfect condition. 

    >>
HD DOPPLER 6i
/