Facebook’s Mark Zuckerberg Under Scrutiny
Posted by jonathan at 9:02am EST on 07/23/2007
Mark Zuckerberg is now facing charges from past colleagues that “want their share” of what Facebook has now become — a social empire. The Observer says,
MySpace was bought by News Corporation in 2005 for $580m, now regarded as a bargain. Facebook is expected to sell for more than double that, turning Zuckerberg, its 23-year-old creator, into the latest dotcom millionaire and darling of Silicon Valley. But there is a glitch. This week, at a federal court in Boston, Zuckerberg will be accused of snatching the idea for Facebook from under the noses of three fellow students who believe its wealth and influence should be theirs.
Double that? Try quadruple times that or even more! Zuckerberg already turned down USD$1 billion from Yahoo!, why should he accept anything less? There was rumors around that Google was looking at Facebook for over USD$2 billion, but that turned out to be nothing so far.
I still do not see Zuckerberg selling out anytime soon. He has a great thing going with Facebook and there is no reason to turn it over. If anything, they want to grow.
Zuckerberg though, is facing some charges of “stealing” the idea from some colleagues in school while at Stanford. So why are they suddenly coming out of the wood work? They didn’t say something 3 years ago when it launches, why the wait? Well, they had to wait until it was worth so much, that’s why.
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