Tuesday, April 12, 2011

Facebook suit cites alleged Zuckerberg e-mails

The man who claims to have a contract with Mark Zuckerberg to develop what would eventually become Facebook cites purported e-mails between the two in a new court filing as proof that he is entitled to a 50 percent stake in the social-networking giant.

Paul Ceglia of Wellsville, N.Y., claimed in a lawsuit filed last year that he entered into a contract with Zuckerberg in 2003 to design and develop the Web site that would ultimately become Facebook--a company with an estimated value of $50 billion.

Ceglia said he hired Zuckerberg through a Craigslist ad to write code for a project called StreetFax and paid Zuckerberg $1,000 for coding work; he also allegedly invested $1,000 in Zuckerberg's The Face Book project, which gave him a 50 percent interest in the company as well as an additional 1 percent interest for every day after January 1, 2004, that The Face Book was delayed.

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