Zuckerberg’s ownership of Facebook shares is challenged (again)

Photo: jdlasica

Web designer who employed Zuckerberg in 2003 claims that he owns 84% of Facebook

Paul Ceglia, who employed Mark Zuckerberg in 2003, claims that Mr. Zuckerberg, in writing, gave him rights to 84% of "The Face Book", which was a pet project that Zuckerberg was working on. Mr. Ceglia has filed suit in New York state court. He claims that he has a signed contract with Mr. Zuckerberg.

Zuckerberg’s lawyers haven’t said whether such a contract exists or doesn’t exist.

Mr. Zuckerberg denies that he signed such a contract.

Previously, fellow Harvard classmates claimed that Zuckerberg appropriated code from the school’s ConnectU project. They settled out of court.

The most recent claim could prevent Facebook from going public, as the court has issued an injunction on trading of its shares. Facebook is now (foolishly) valued at over 24 billion dollars. (Does anyone want to buy a Dutch tulip?)

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Russ Bellew · Fort Lauderdale, Florida, USA · phone 954 873-4695


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