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Feb
13
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Facebook paid up to $65m to founder Mark Zuckerberg's ex-classmates

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From the Guardian…

Facebook paid up to $65m – $20m cash and a 1.25m shares – to end a lawsuit in which Mark Zuckerberg, now its chief executive, was accused of stealing the idea for the social networking site from a company called ConnectU.
The case, brought against Zuckerberg by three former classmates, Divya Narendra and the brothers Tyler and Cameron Winklevoss, had threatened to derail Facebook.