It should also make the Winklevoss twins think twice about appealing their settlement with Facebook.
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Cameron and Tyler Winklevoss keep sending friend requests to the court system and keep getting denied.
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The Winklevoss twins have lost what may be their final appeal in the ongoing Facebook court case.
Today Cameron and Tyler Winklevoss appeared on CNBC to announce they are going to be investing in startups.
The way the Winklevoss twins tell it, Zuckerberg stole their idea and deliberately kept them from launching their site.
The pre-Facebook plan for a Harvard social network that the Winklevoss twins came up with was limited to only one school.
The Winklevoss twins were members of the Porcellian Club, the most prestigious.
The suit against Facebook CEO Mark Zuckerberg by three old Harvard classmates, Divya Narendra and the brothers Tyler and Cameron Winklevoss, was almost settled.
Zuckerberg helped Narendra and the Winklevoss twins, but he soon abandoned their project in order to build his own site, which he eventually labelled Facebook.
The Winklevoss twins are back, again, investing in another Harvard startup.
FORBES: Winklevoss Twins Are Back, Again, Investing In Another Harvard Startup
The worst case scenario for the Winklevoss twins is one that Helft outlines: they could appeal the settlement terms only to have the whole settlement wiped out.
The twins are backing fellow Harvard grads and SumZero founders Divya Narendra, who worked with Zuckerberg and the Winklevoss brothers on early Facebook versions at Harvard, and Aalap Mahadevia.
FORBES: Winklevoss Twins Are Back, Again, Investing In Another Harvard Startup
It has also emerged that Tyler and Cameron Winklevoss, who famously sued Facebook founder Mark Zuckerberg claiming they had the original idea for the social network, have substantial bitcoin holdings.
The CEO settled with Divya Narendra and brothers Cameron and Tyler Winklevoss in 2008 over claims that Mr. Zuckerberg copied their idea for a Harvard University networking site when they all were students.
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On the idea versus commercialization issue, Winklevoss, speaking to Fast Company, says Facebook (or ConnectU) did not need to be guided by astute entrepreneurs to grow into a 500 million membership club.
The characters of Cameron and Tyler Winklevoss, twin brothers who attended Harvard with Zuckerberg, are actually played by two different actors but only the face of one, Armie Hammer (great grandson of industrialist Armand Hammer), is used.
The brothers formed Winklevoss Capital in February.
FORBES: Winklevoss Twins Are Back, Again, Investing In Another Harvard Startup
As the Los Angeles Times reported this afternoon, the Winklevoss twins filed a Petition for Rehearing today, asking the 9th Circuit Court of Appeal to reconsider its decision denying their request to re-open their lawsuit against Facebook.
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Earlier this week, Tyler and Cameron Winklevoss and their business partner Divya Narenda announced that they were giving up on their futile attempt to get the Supreme Court to settle their settlement feud with Mark Zuckerberg and Facebook.
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Just ask the Winklevoss twins.
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