Facebook CEO Mark Zuckerberg has accomplished a lot in less than ten years. Not only has he revolutionalized the concept of what a ‘social network’ is, but he’s also created one of the most visited websites in the world. With all that success, there’s bound to be some bumps along the way, a few scandals, and people bilking you for money. Well Mark, your time has come.
Recently, news has been surfacing of a seven year old contract that Mark Zuckerberg alledgedly signed that may entitle Paul Ceglia an 84% stake in Facebook. As the story goes, Zuckerberg and Ceglia met back at Harvard. During Facebook’s initial developmental stages, back when it was The Face Book and only was accessible by Harvard students, Zuckerberg was hired for $1000 by Ceglia to do some software development. When Ceglia learned of Zuckerberg’s “The Face Book,” he invested an additional $1000 into Zuckerberg’s pet project. However, with that extra $1000, Ceglia would also own a fifty percent interest if it was successful, plus one percent for each day the project went beyond its deadline. Thus the 84%.
While lawyers are unsure whether Zuckerberg actually signed the contract, no one seems to be denying the authenticity of it even though it raises some serious questions. Like where has this guy been for the past 7 years? Was he unaware of Facebook’s success?
The epic battle for the throne of Facebook has begun. On a side note, watch Zuckerberg’s interview with Diane Sawyer that recently aired below.
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Comments
I thought they already payed off all the Harvard buddies who were involved early on.
This is a totally new guy. The co-founder, Dustin Moskovitz, was paid-off. This is a new one coming out of the woodwork as an “investor.” Not really a founder.