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Mark Zuckerberg May Have to Give Up Facebook

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July 21, 2010 – Comments (4)

"A seven-year-old contract signed by Facebook founder Mark Zuckerberg granting a New York businessman an ownership stake in Zuckerberg's then-fledgling Web project may be real, a Facebook lawyer acknowledged Tuesday in federal court hearing."  

http://money.cnn.com/2010/07/20/technology/facebook_ownership/index.htm 

4 Comments – Post Your Own

#1) On July 21, 2010 at 1:10 PM, catoismymotor (41.70) wrote:

*Like*

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#2) On July 21, 2010 at 2:11 PM, davejh23 (< 20) wrote:

Didn't he pass up an opportunity to sell the, then revenue-less, site for $1 billion+?  Maybe he should have taken the offer when he had the chance.

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#3) On July 21, 2010 at 2:52 PM, guiron (20.43) wrote:

Strange why the plaintiff would wait this long to pursue action and has yet to produce an original copy of the contract. The whole thing smells fishy.

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#4) On July 21, 2010 at 9:57 PM, ChrisGraley (29.67) wrote:

Strange?

Sounds like a good deal to me!

Wait until the current owner spends all his time money and effort to expand and then take over an even bigger company. 

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