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Divya Narendra, Cameron Winklevoss, and Tyler Winklevoss, founders of the social network ConnectU, filed a lawsuit against Facebook in September 2004.The lawsuit alleged that Zuckerberg had broken an oral contract to build the social-networking site, copied the idea, [1] [2] and used source code that they provided to Zuckerberg to create competing site Facebook.
ConnectU (originally HarvardConnection) was a social networking website launched on May 21, 2004, [1] that was founded by Harvard students Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra in December 2002. [2] Users could add people as friends, send them messages, and update their personal profiles to notify friends about themselves. [3]
Facebook countersued in regard to the team's Social Butterfly project, and named among the defendants ConnectU, Cameron Winklevoss, Tyler Winklevoss, Divya Narendra, and Wayne Chang. [20] Settlement was reached where Facebook acquired ConnectU for 1,253,326 shares of Facebook stock and an additional $20 million in cash.
Anyone in the U.S. who has had a Facebook account at any time since May 24, 2007, can now apply for their share of a $725 million privacy settlement that parent company Meta has agreed to pay.
Facebook recently paid 1.4 million Illinois residents $397 in 2022 as part of a class action lawsuit for facial recognition breaches through its “Tag Suggestions” feature, per CNBC.
Facebook, faced with two major antitrust lawsuits, could be forced to breakup, settle with changes to its business, or it could prove its government challengers wrong and win in court, antitrust ...
Facebook gathers user information by keeping track of pages users have "Liked" and through the interactions users have with their connections. [310] They then create value from the gathered data by selling it. [310] In 2009 users also filed a lawsuit for Facebook's privacy invasion through the Facebook Beacon system.
Rep. David Cicilline (D.,RI) — the top antitrust Democrat in the House — argues there is no question Facebook is a monopoly and should be broken up.