Keep the Power: Lessons From Mark Zuckerberg

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He Settled Lawsuits

Cameron and Tyler Winklevoss, Zuckerberg's classmates at Harvard, claimed that they had the original idea for Facebook, and that Zuckerberg, whom they hired as a developer, ran off with the idea. In a much-publicized trial, Zuckerberg settled with the twins for $65 million in 2008. It didn't end there. The "Winklevii" claimed they were misled by the company's valuation, but the settlement was upheld by a federal appeals court. In June 2011, the twins announced they would halt their appeals, deciding not to bring the case to the Supreme Court. "We've considered this case closed for a long time, and we're pleased to see the other party now agrees," Facebook said in a statement.