Skip to Content

The Social Network, a Real Life Update

Winklevoss Twins Lose the War (and maybe a few friends) with Facebook

A few weeks ago my husband and I sat down for a rented flick called The Social Network.

I’m sure you, by now, know this movie is about the ever-growing social media site, Facebook.

The movie was okay.

You don't get to 500 million friends without making a few meme.

I still am baffled whose perspective it was from because everyone in that movie seemed to be a jerk!

At any rate, the twins, Cameron and Tyler Winklevoss agreed to a settlement of 65 million dollars.

If you haven’t seen the movie, the Winklevoss duo claims that the idea for Facebook came from their idea for a popular social network originally.

Yesterday, Ninth Circuit court judges ruled that the Winklevoss boys will have to accept the settlement.

On August 26, 2010, The New York Times reported that Facebook shares were trading at per share in the secondary market, putting the total settlement value at close to 0 million.

The whiny duo argues that the information presented to them was significantly lower than what Facebook’s value actually is, and they want in for more money.

Needless to say, the Ninth Circuit’s ruling isn’t acceptable and the twins are now seeking a rehearing before a larger group of judges. 

Obviously, these Harvard graduates didn’t read the fine print, didn’t research the facts, they just were money struck and took the deal and now want to retort.

I mean, really?

I have no degree (from ANY University) and I know Facebook is work megabucks and continues to grow in popularity. 

After watching the movie, I think there may be *some* facts as to where the idea came to, however, I also saw that Mark Zuckerburg was the brainchild who created the code, the application, and the layout that makes Facebook ever popular.

 I mean let’s face it, the movie cover sums it up perfectly: 

Oh, People! Greed is such a horrible thing!

Meanwhile, the Winklevoss Twins have gone on to do other things including the Olympics in Beijing for Rowing, and The New York State Department of Financial Services (NYDFS) has granted a charter under the New York Banking Law to Gemini Trust Company, LLC (“Gemini”) – a Bitcoin exchange that is based in New York City and founded by Cameron and Tyler Winklevoss.

About Julee Morrison

Julee Morrison is an author and writer with over 35 years of experience in parenting and family recipes. She’s the author of four cookbooks: The Instant Pot College Cookbook, The How-To Cookbook for Teens, The Complete Cookbook for Teens, and The Complete College Cookbook.Available on Amazon,

Her work has appeared in The LA Times, Disney’s Family Fun Magazine, Bon Appétit, Weight Watchers Magazine, All You, Scholastic Parent & Child, and more.

Her article "My Toddler Stood on Elvis' Grave and Scaled Over Boulders to Get to a Dinosaur" appeared on AP News, and her parenting piece “The Sly Way I Cured My Child's Lying Habit” was featured on PopSugar.

Outside of writing, Julee enjoys baking, reading, collecting crystals, and spending time with her family. You can find more of her work at Mommy’s Memorandum.