The Social Network and the multimillion dollar agreement
Twins Cameron and Tyler Winklevoss became famous a few years ago thanks to a case that sparked major discussion: they accused Mark Zuckerberg, CEO of Facebook, of stealing their idea to create the famous social network. Years of court battles led to an out of court settlement and they accepted somewhere in the region of 65 million dollars to settle the matter, of which 20 were paid in cash and 45 in stock of the Zuckerberg company.
A few months later, Facebook went public and the shares shot up in value: the twins’ stock became worth over $500 million, but after this whole ordeal, public opinion was not exactly on their side. Seen by the public as a couple of jovial jocks, they were branded by the media as rich, spoiled kids trying to make money on the back of others.
Sometimes though, life offers up the chance for people to redeem themselves and for the twins, this opportunity came in the form of a digital revolution that goes by the name of Bitcoin.