ConnectU vs. Zuckerberg Lawsuit still pending
July 16th, 2007 | by danny |VentureBeat and TechCrunch are covering the debate over whether Mark Zuckerberg’s litigious squabble with ConnectU could affect Facebook’s ability to IPO.
VentureBeat says:
The most likely worst case for Facebook: Zuckerberg and his investors will agree to settle this for many millions of dollars.
Well, not to mention the stain on Zuckerberg’s reputation, which in today’s celebrity/PR world, is not worth nothing. Can you imagine the future Fortune articles comparing the origins of Google, Yahoo, and Facebook? It wouldn’t be pretty.
This case definitely should have been settled a long time ago. Facebook’s exposure only goes up month over month, and Zuckerberg et al should have seen this roadblock coming from miles ahead. Chalk it up as one of Facebook’s very few, very big mistakes to date.
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