Facebook On Verge Of Settling ConnectU Lawsuit: Report

This story was written by Joseph Weisenthal.
Facebook is close to settling a lingering legal nuisance over its origin, reports Brad Stone at Bits. The company was sued by the founders of ConnectU, a Harvard-borne social net, who claimed that Mark Zuckerberg stole the idea for Facebook after having been hired to work on ConnectU. For its part, Facebook launched a countersuit claiming unfair business practices. Settlement terms have not been reported, though it stands to reason that its worth some amount of cash to Facebook to just make the issue go away.

By Joseph Weisenthal


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App