Lessig on whether the Winklevosses actually deserved $65 million? Nope. More like $650.

Any legal system that would allow these kids to extort $65 million from the most successful business this century should be ashamed of itself. Did Zuckerberg breach his contract? Maybe, for which the damages are more like $650, not $65 million. Did he steal a trade secret? Absolutely not. Did he steal any other “property”? Absolutely not—the code for Facebook was his, and the “idea” of a social network is not a patent. It wasn’t justice that gave the twins $65 million; it was the fear of a random and inefficient system of law. That system is a tax on innovation and creativity. That tax is the real villain here, not the innovator it burdened.
via quora.com, hat tip Andrew 'Boz' Bosworth

Amen. The full article by Lessig is worth a read too.

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1 response
that is clearly not the story. these guys were already pushing connectU and they had a business model tied around it. these guys deserve not $65Mn but more like $650Mn. I remember trying to help the twins push it (connectU) into southern markets, but the damage was done. it really was a pity as they really had a good model tied to it. cheers!