Facebook co-founders poke Zuckerberg again in battle for more compensation

CAMERON and Tyler Winklevoss found a sceptical audience yesterday as they tried to persuade a US appeals court to let them out of a $65m settlement over the founding of online social network Facebook.

Zuckerberg did not attend.

The Winklevoss twins, along with Divya Narendra, started a company called ConnectU while they were students at Harvard University. They say that fellow Harvard student and Facebook founder Zuckerberg stole their idea. Facebook denies these claims.

The twins argue that based on an internal valuation at the time that Facebook did not disclose, they should have received more Facebook shares as part of the 2008 settlement of the dispute. Facebook argues it was under no obligation to reveal an internal valuation.

Senior Judge J. Clifford Wallace pointed out that the twins had several lawyers representing them at settlement talks and that their father is a business expert.

That makes it difficult to believe that anyone took advantage of them, Wallace said.