A shocking and it might be a crazy new for everyone but the fact is that Paul Ceglia, initial partner of Mark Zuckerberg, (The founder of current CEO of Facebook), is claiming to have 50% financial share rights of Facebook, based on his initial investment of USD 1,000 on Facebook made with Mark earlier in 2003.
As he says during an interview to that he has the Contract copy and dozen of emails exchanged for the social network and he is a legit and rightful owner of Facebook. So he became a luckiest investor in Technology history and may get the shares equal to Zuckerbeg on his 1,000 dollars initial investment for Facebook. It means he can demand shares exactly equal to Zuckerberg’s valuing around 10 billion dollars. It is true that Many People Became Billionaires because of Facebook Network.
We have inquired to the Facebook Director of Corporate Communications Larry Yu about the issue however not any official confirmation yet, so it will update as soon as we got.
The story was in start of 2003 when Zuckerberg shared his idea about year book then called as facebook with Paul and asked him for funding then he agreed and paid 1,000$ to Zuckerberg with a contract 50% stakes in the project then after few months Mark completed the project and launched it in early 2004, which became a successful social network. In the start it was accessed by limited Harvard University students only where Mark. Priscilla Chan, Mark’s Girlfriend (See Photos) also belongs to this university.
Later in 2004, Zuckerberg bluffed & lied to Paul and informed that project didn’t go through well and he’s thinking of taking the social network off-air. He offered Paul the the refund of his investment, which Paul claims Zuckerberg never made.
So this case is currently in court, and may turn out to be one of the biggest tech stories of history.
Maybe the end will be Facebook Going to Shut Down on March 15th 2012.