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Feb 3, 2012 — That is somewhat ironic, of course, since they so famously sued Facebook CEO Mark Zuckerberg for allegedly stealing their idea when he created the social media website while they were all students at Harvard. The case was eventually settled.|
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May 23, 2012 — The fallout from Facebook's initial public offering continues to spread, moving from trading screens to potentially the courtroom. Some of the investors who bought shares of the company filed a lawsuit alleging that Facebook and underwriter Morgan Stanley concealed information about Facebook's expected performance.
May 23, 2012 — Fauquier Hospital in Warrenton, Va., offers services not usually found in your average hospital. Not only is every one of its patient rooms a private one, it offers food cooked and delivered to order, and hand massages. But experts say it's the actual involvement of patients and families in their own care that sets it apart.
May 23, 2012 — The rule, instituted to improve sanitation, applies to bathrooms in tourist spots such as parks, railway stations, supermarkets and malls.
May 23, 2012 — In the past week, President Obama and House Speaker John Boehner have begun a new round of sparring over the U.S. debt ceiling. It's part of a number of problems involving debt, taxes and spending that are all slated to come to a head in early 2013. And solutions aren't likely before Election Day.
May 23, 2012 — Ray Ewry is an all-but-forgotten Olympic great from the early 1900s with a remarkable story. Before winning his 10th gold medal in 10 tries, Ewry accomplished something truly remarkable: He learned to walk again.
 Tyler (left) and Cameron Winklevoss. (AFP/Getty Images) Winklevoss Twins May Reap $300 Million From Facebook IPOby Mark Memmott Feb 3, 2012 — That is somewhat ironic, of course, since they so famously sued Facebook CEO Mark Zuckerberg for allegedly stealing their idea when he created the social media website while they were all students at Harvard. The case was eventually settled.Comments |
Before we finish the week, we have to pass on at least one more story related to Facebook's plan to raise about $5 billion with its first sale of shares to the public. It seems that Cameron and Tyler Winklevoss — the "Winklevii" twins — could get up to $300 million worth of Facebook shares when the deal goes through. And that's noteworthy, of course, since they so famously sued Facebook CEO Mark Zuckerberg for allegedly stealing their idea when he created the social media website while they were all students at Harvard (a chapter of their lives chronicled in The Social Network, a movie that didn't present the Winklevii in that flattering a light). After much legal maneuvering, the twins came away with about $45 million worth of Facebook (non-public) stock. Now, if the initial public offering does indeed happen, their stake is expected to grow substantially — though it won't rival the $28 billion or so that Zuckerberg's post-IPO share of Facebook's worth is expected to be, according to Bloomberg Businessweek. Cameron Winklevoss, on Twitter, professes to be very pleased what the payday headed his way:
Whether the Winklevii are really that happy, though, might depend on what they think about this news: David Choe, an artist who painted a mural at Facebook's first offices and was paid with about a 0.25 percent share of the company, stands to earn about $200 million from the IPO. Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/. 9(MDAxNzgwMTg5MDEyMTQ4Nzc4MjdiNWVmMw004)) Source: NPR Copyright 2012 NPR - For Personal Use Only
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