Cameron and Taylor Winklevoss, collectively known as the Winklevii Twins, have dropped their lawsuit against Facebook after “careful consideration.” (Harvard slang for “Obama has a better chance of winning Mississippi than we have of winning this case.”)
The case, which was defeated in appellate court, originally alleged that Facebook founder Mark Zuckerberg used source code he was hired to write for the twins to launch Facebook. After a settlement was reached for an alleged $65 million, the brothers charged Facebook with securities fraud on the value of the stock they received. They had hoped to bring the case to the Supreme Court.
In what can be perceived as a possible snub to the brothers, Facebook responded to the news by saying, “We’ve considered this case closed for a long time, and we’re pleased to see the other party now agrees.”