Facebook Settles a Longstanding Dispute

That was until a settlement was reached. Now both parties have exchanged courtesies and Greenspan is sure to have got a hefty sum too. Exact figure that has changed hands is not known, but going by what the last guy who pointed a finger at Facebook got, the figure could well be close to $65 million. This was apparently the settlement that ConnectU got when it said that Zuckerberg stole ConnectU’s code and business plans for a social network. As per the terms of the settlement, Greenspan (Think) has agreed to abandon his efforts to get the U.S. Patent and Trademark Office to cancel the trademark issued to Facebook in 2006.
Well, let’s hope with this announcement peace is maintained in the social sphere for at least some time. It seems Zuckerberg had some legal spat with co-founder and fellow Harvard batchmate Eduardo Saverin too. If the story interests you perhaps you’d like to pick up a copy of “The Accidental Billionaires” due for release in July. The books title slug goes something like this — “The founding of Facebook — A tale of sex, money, genius and betrayal.”