Are the Winklevosses Finally Ready To Let It Go?

The twin decide to throw in the towel against the social media giant.
By: Nelly Lalany
Published: June 23rd, 2011 in Business » World
The Winklevoss twins with partner Divya NarendraPic: NULL

In a non-surprising twist of events, the Winklevoss twins, made famous in the film “The Social Network”, have decided to call it quits in their battle against Facebook Inc. and Mark Zuckerberg.

Ever since the release of Aaron Sorkin’s movie, audiences have been familiar with the story behind the long-term feud.

Just to get you up to speed (if you do in fact live under a rock), the Winklevosses sued Zuckerberg claiming that Facebook was actually their idea.

The twin Harvard undergrads have been battling it out with the social media guru since 2004.

In 2008, the two Olympic rowers, along with their partner Divya Narendra, received a cool $65 million in return for their promise to drop all litigation against Mr. Facebook.

Coincidentally, seven years later after “The Social Network” hit theatres they started to reconsider their settlement. The agreement was said to be an inaccurate valuation of the company. The social media site ended up being worth far more than the original settlement, and the Winklevosses believed their settlement was unfair based on Facebook’s gargantuan success.

The three men took their complaint to the 9th US Circuit Court of Appeals where they were turned down. This only added fuel to the fire as their next destination was said to be the Supreme Court. The decision against them proved to be quite influential as they have since decided throw in the towel.

In a filing on Wednesday, the “Winklevii” stated that after “careful consideration” the Supreme Court review was dropped without any specific reasoning.

“We’ve considered this case closed for a long time and we’re pleased to see the other party now agrees,” Said Facebook in a statement.

Thanks Facebook, I think you took the words right out of our mouths - as usual.

Related articles: Winklevoss, Facebook, Zuckerberg,
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