Feeds

Facebook in court over IP theft allegations

Rival Harvard Web 2.0 geeks say they wuz robbed

Internet Security Threat Report 2014

Fast-growing social networking site Facebook goes to court today, facing allegations that its founder stole software code and his business plan from fellow students at Harvard University.

Brothers Cameron and Tyler Winklevoss and Divya Narendra operate ConnectU, a rival social site. They say that Zuckerberg agreed to complete code for them, but rather than doing so he delayed their project while initiating his own using their ideas.

Facebook has become wildly successful, with more than 30 million users worldwide, while ConnectU has fewer than 100,000.

Facebook's directors now believe the company is so valuable that they would only consider buyout offers above $10bn.

The firm has lately hired former YouTube finance chief Gideon Yu to be its CFO, and has also advertised for a stock administrator, leading to widespread speculation that it might soon go public - though this has been denied by spokesmen.

Meanwhile, the Winklevoss brothers and Narendra have petitioned a federal court to shut down Facebook and assign control of the site and its profits to them. Zuckerberg and his co-defendants have responded by asking the court to dismiss the case.

A hearing regarding the motion to dismiss is scheduled for today. ®

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.