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Facebook: Who really owns it?

Facebook founder Mark Zuckerberg is facing a tough time with claims that Paul D. Ceglia owns an 84 percent stake in the social networking website. Ceglia claims that he signed a contract back in 2003 with Zuckerberg to design and then develop the popular site.

It is alleged that the original contract entitled Ceglia to a 50 percent stake in Facebook and a $1000 fee. Cnet News learned this news from a recent Supreme Court filing. The suit goes on further, stating that Zuckerberg would pay an extra 1 percent each day until the website was finished.

Facebook has asked the courts to dismiss the claim; Judge Thomas Brown has since issued a temporary restraining order, which means that there is a block of any transfer of assets.

As you would imagine Facebook has claimed that this case is meaningless. This is not the first time that Ceglia has made bold claims; we just wonder how much truth there is in this one?
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Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb: peter@product-reviews.net

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb: peter@product-reviews.net

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