Caveat Emptor, Eh, Microsoft?
Looks like Microsoft’s $240 million equity stake in Facebook hasn’t exactly retained its value. When it was announced in October of 2007, the 1.6 percent stake valued the social network at $35.90 per share, or a stupefying $15 billion. But in a court hearing this past June, Facebook appraised itself at $8.88 per share. It’s new self-proclaimed market value: $3.7 billion.
Winklevoss Brothers, Mark Zuckerberg Has Sent You a $65 Million Gift
The inane dispute over the provenance of Facebook apparently ended in a multimillion dollar resolution. Facebook has reportedly paid the founders of ConnectU $65 million to settle a lawsuit that accused founder Mark Zuckerberg of lifting the social network’s source code and business plan when he worked for it as a programmer.
Thursday, October 11, 2007
SuperPoke! ConnectU Has Bi!*$%slapped Facebook
The silly dispute over the provenance of Facebook landed in federal court once again yesterday, this time over allegations that ConnectU hacked Facebook to gather information that could be used to lure its members to ConnectU’s competing social-networking site.
In a motion hearing, ConnectU disputed Facebook’s allegations and asked U.S. Magistrate Judge Richard Seeborg to dismiss [...]
The Defendant Stands Accused of Copyright Infringement, Breach of Contract and Misappropriation of Dumb Luck
Later this month a federal court will hear arguments in a lawsuit that accuses Facebook founder Mark Zuckerberg of ripping off the code that three of his Harvard classmates hired him to write for their fledgling social-networking site, ConnectU, to launch Facebook. From the suit:
This is a civil action for breach of contract, misappropriation [...]
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About John
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Ethics Statement
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
alt.misc
- Godzilla’s Food, Exercise, and Dream Diary
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183. - Scenes From An Alternate Universe Where The Beatles Accepted Lorne Michaels’ Generous Offer
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
- The Golden Age of Video
Best video mashup ever.
- I’m not dead yet
A Facebook Memorial
- Pulp Fiction Audio Mix
Wow.
- A world without the Internet
Worth it for the Rickrolling photo alone.
- Google Wave Cinema: Pulp Fiction
Excellent.
- Dead Fly Art
Flughumor!
- Happy Birthday Monty Python …
… you vacuous, toffee-nosed, malodorous perverts
- ‘You are being shagged by a rare parrot’
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
