Winklevoss twins drop legal action against Facebook

winklevoss bros plan to continue fighting facebook twins

Mark Zuckerberg can breath a sigh of relief: Cameron and Tyler Winklevoss, the twins famously depicted in the Academy Award-winning film The Social Network, said this week that they would not appeal the Supreme Court ruling that upheld their settlement with Facbook and its co-founder and CEO Mark Zuckerberg, reports Reuters. The decision to throw in the towel comes after seven years of ongoing lawsuits.

The settlement terms were originally agreed upon in 2008, following an extensive legal battle over whether Zuckerberg had stolen the idea for Facebook from them while they were all still students at Harvard University. The court ruled that the Winklevosses would receive $65 million worth of cash and stock in Facebook. After the agreement, however, the Winkevosses said they planned to appeal the settlement, and fight for more money, because they believed Facebook withheld crucial evidence.

With the stock they received now worth far more than it was in 2008, the twins on Wednesday told the US Court of Appeals for the Ninth Circuit in San Francisco that, after “careful consideration,” they have decided to let the 2008 settlement stand.

Upon hearing the news that its struggles with the pesky Winklevii were over, Facebook released a statement saying, “We’ve considered this case closed for a long time, and we’re pleased to see the other party now agrees.”

The legal woes are far from over for Facebook, however. With the number of users quickly approaching 700 million, the social network remains in a tussle with Paul Ceglia, a wood pellet salesman from upstate New York who claims to own 50 percent of Mark Zuckerberg’s Facebook shares. Facebook has repeatedly said that Ceglia is nothing more than “scam artist” whose claims are entirely fabricated.

Social Media

YouTube offers creators more ways to boost their bank accounts

Whether you're a top YouTube creator or just breaking into the game, the video-streaming site has some new features designed to help you please your fans and increase your bank balance.
How-To

Stop Facebook from tracking you and using targeted ads with these tips

Facebook and businesses that use the site track what pages you like, your political affiliation, and even try to guess your race. All of this is done so the site can target you with relevant ads. Here's how to opt out.
News

President Trump attacks Facebook Libra, says it’s not dependable like the dollar

President Trump attacked Facebook's new Libra cryptocurrency on Thursday, claiming it will have "little standing or dependability" and that Facebook would need to seek a banking charter if it wanted to move forward.
Social Media

The FTC will hit Facebook with a $5 billion fine over privacy violations

Facebook has agreed to a $5 billion settlement with the Federal Trade Commission (FTC) over its numerous “privacy missteps." Once it goes through, this would be the largest FTC fine for a major technology company – and a huge chunk of…
News

Lua uses animated emotions to help you keep your plants happy and healthy

The Lua Smart Planter is currently seeking funding on Indiegogo to make this smiling plant pot a reality. The device helps you take care of your plants by showing their needs through a series of animated faces.
Mobile

Flex your thumbs (and your brain) with these fun texting games

Gaming consoles keep getting more advanced, but you can still have fun with the good old Latin alphabet. Here are our picks for the best texting games, so you can make the most fun out of that limited data plan or basic cell phone.
News

Facebook says it won’t launch Libra until regulators are happy

Facebook says it won’t roll out its Libra cryptocurrency until it’s fully addressed regulatory concerns – though it added that regulation of the currency itself would largely happen in Switzerland, not the U.S.
Social Media

Twitter’s mobile-inspired dark mode desktop makeover isn’t just about looks

Twitter.com may have a new look, but it's one that already feels familiar. The new design for Twitter's desktop version borrows heavily from the platform's mobile apps, with a sleeker look, a new dark mode, and easier navigation.
Digital Trends Live

Digital Trends Live: Twitter’s redesign, Libra’s possible delay, Neuralink

On this episode of DT Live, we take a look at the biggest trending stories in tech, including a Twitter redesign, Facebook's delay of Libra, Neuralink's first public event, growing food in space, and the 50th anniversary of Apollo 11.
News

The U.S. Senate really doesn’t like Facebook’s Libra cryptocurrency plans

Facebook Libra had its first big regulatory test when Calibra head David Marcus appeared before the Senate Banking Committee. It didn’t go well. Senators of both parties had major concerns about Facebook's proposed cryptocurrency.
Social Media

Instagram is crashing repeatedly for some users. Here’s the latest on the outage

Thousands of Instagram users said Tuesday that the social media app was repeatedly crashing or not opening at all, the third time in just over a month that the social network has experienced issues.
Web

Dirty deeds are uncovered dirt cheap with these online background check resources

There are plenty of reasons for carrying out a background check, and not all of them are creepy. Here are several methods to run a background check on someone online, whether you need to vet a potential hire or a new babysitter.
Social Media

Study suggests using emojis makes you appear more friendly — even at work

Can emojis be a clue into your personality? A recent survey suggests that emojis make a person seem friendlier and more approachable, even when used within a professional work environment.
News

FaceApp says it won’t hold on to your face photos. Should you trust it?

If you use FaceApp, you've given its parent company permission to use your face photos for pretty much anything -- even though the app-maker says it won't use them for nefarious purposes or sell them to a third party.