Facebook CEO May Have Signed It Away For $1000

By Daya Baran at July 30, 2010 5 Comments Share

A New York businessman named Paul Ceglia is suing Facebook, alleging that Mark Zuckerberg signed a contract (see below) in 2003, exchanging 84% of Facebook for a $1,000 investment. Facebook acknowledges that Zuckerberg did do coding work for Ceglia on a project called “The Face Book”, but says it suspects this contract is forgery.

Previously, Divya Narendra, Cameron and Tyler Winklevoss filed a lawsuit claiming they founded Facebook and Mark Zuckerberg stole their idea and code when they had hired him for a project.

Facebook ended up settling the matter for US$60 million when it was revealed in court that Mark Zuckerberg, took private Facebook member login information and used it to break into the private email accounts. He also forged the signatures of two journalists on NDA’s after they refuse to sign them, and he hacked into the servers of a competitor, ConnectU, and changed some user information.

Facebook Ceglia Contract

Complaint in Ceglia v. Facebook –

Channels: Cameron Winklevoss, divya narendra, Facebook, paul ceglia, Tyler Winklevoss

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871665 Comments2010-07-30+16%3A57%3A41Daya+Baran »

Wow … dilution

Comment by @arnaudfischer — July 30, 2010 @ 7:22 PM
That is the strangest and most non-standard work contract I have ever seen, even the clauses are not in line with a standard coding job.

Comment by Alan Wilensky — July 30, 2010 @ 7:45 PM
Ouch….that would hurt but the contract does look really odd but there is no such thing as a standard contract so who knows.

Comment by fionnd — July 30, 2010 @ 8:00 PM
Prediction: Facebook settles with $$$$ millions and Zuck gracefully steps aside as CEO claiming he wants to "enjoy life".

Comment by @RexDixon — July 30, 2010 @ 9:13 PM
Did not realize that Mark was such a slimeball (as per the last paragraph in the article). He's not very polished on camera and comes across as a shifty Weasel. Now I know why. Mark Yuckberg!

Comment by Baiibs — July 30, 2010 @ 9:41 PM