Will Facebook Be Forced to Shutdown?

Posted by Nick O'Neill on July 16th, 2007 11:50 AM

Facebook is under attack and it isn’t pretty. Mark Zuckerberg, the creator of Facebook, is being accused of stealing the source code and business plan of ConnectU, a social network with a similar strategy to Facebook. According to VentureBeat, “The plaintiffs have demanded that Facebook be shut down and that full control of the site - and its profits - be turned over to them.” The shocking part about this case is that it started 3 years ago. While it is nothing new, it has still been dragging on. Both sides have powerful legal teams and there are big stakes. Without having this case resolved, it is going to be extremely challenging for Facebook to file for an IPO. My guess is that there is going to have to be a pretty large settlement at the end of this that covers the costs of the plantiffs’ lawyers and compensation for stealing the concept.

This entry was posted on Monday, July 16th, 2007 at 11:50 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Minger 1 year ago 1 point
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execution is 9/10ths of the law. as great as connectu's idea was back in the day, it wasn't exactly difficult to conceive or copy. friendster was already out of the bag. if your idea is so great, code it yourself or make the key developers full-fledged partners. looks like connectu is litigating themselves a call option on the work of someone they didn't formally contract or pay. code theft is a legitimate beef. we'll have to await the economic expert testimony on how it translates into equity in fb.

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http://minger.net

Eric 1 year ago 1 point
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They should shut down a lot of child pornography websites not some website where people are meeting they oold buddies and new people...Why they always has to shut down that a lot of people are happy with...Normal people, not some pedophiles who use child pornography websites...Keep the facebook on, shut down the pornography websites!

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Shani 6 months ago 1 point
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I feel that facebook should not be shut down. I will like ...omg its shouldnt. There are many other child pornography sites to worry about than to focus on something petty like this. Dont Shut facebook down.

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http://www.facebook.com

jeff 4 months ago 1 point
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I really hope that it dose not happen. I have about 20 - 30 friends from 2 diffrent schools that I use to go to school with some I may not have been close friends with but would just say hi from time to time ect. And facebook is my only means to contact them right now. If it were not for facebook and them being on the site I would not have reconnected with them this year or at all.

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dan 4 months ago 1 point
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i totally disagree with this whole facebook as it cause to many problems in to many life as there are more and more relationships failing and collapsing due to this, more and more people are using this site for finding old flames and havin affairs which is causing a social down fall in everyday life and it may not be the case with everybody right now but it will be if this site isnt closed down asap

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damian 3 months ago 1 point
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I have recently got in touch with old friend that I haven't spoke to in 16 years. Anyway people are going to have affairs weather or not facebook is around we are adults who make our own choices get a grip on reality

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sweetberry7 2 months ago 1 point
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Honestly I think facebook should be shut down because theres alreayd tons of stupid clubs and blogging on the internet it's not even funny.. if you wnana tlak to a friend use the phone.. If you wnana talk to soemone new use 1 blogging site not a billion..

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