Do the Winklevoss Brothers Own 1.6 Percent of Facebook? No, But They Got A Lot
ConnectU is a company that never ceases to haunt Facebook co-founder Mark Zuckerberg. According to an article published in The Recorder, the Winklevoss brothers (who founded ConnectU), were awared $65 million in their suit against Facebook. You may also remember that there was a follow-on suit as the brothers were provided with stock options based on Microsoft’s $15 billion valuation despite private Facebook stock trades that valued the company at around $4 billion.
If the brothers were paid completely in stock and if the follow-on suit was settled at a reasonable valuation for Facebook, the brothers could have obtained up to 1.6
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in