Crossing Wall Street: Your Guide to Financial Success, Hosted by Eddy Elfenbein
spacer About Buy List FAQ Contact Links Home
spacer

« RBS Predicts Gloom Followed By Doom | Main | Oopsie! »

June 18, 2008 Was the Idea for Facebook Stolen?

In Rolling Stone, Claire Hoffman takes a 6,300-word look at "The Battle For Facebook:"

In a lawsuit one judge describes as a "blood feud," three fellow Harvard students claim Zuckerberg fleeced their idea after they hired him to code a social-networking site they were creating. "We got royally screwed," Divya Narendra, one of the students, has testified. And in April, another classmate, Aaron Greenspan, filed a petition to cancel Facebook's trademark, claiming he invented an online facebook months before Zuckerberg. Greenspan, who has compiled reams of e-mails chronicling his months of communication with Zuckerberg, bristles at equating the Facebook prodigy with Microsoft's founder. "Gates was shrewd, calculating and insanely competitive, bordering on autistic," Greenspan writes in his self-published autobiography. "Mark was inarticulate and naive."

The legal challenges to Zuckerberg's empire paint a curious picture of the man who has put himself in charge of our social future. One of the world's most popular networking tool was launched by a brilliant but ostracized nerd sitting alone in a dorm room. From his days at Phillips Exeter Academy, where he was known as the prep school's top programming impresario, Zuckerberg has drawn on a powerful combination of isolation and entitlement to surpass his peers. He is a Nietzschean superdork for the digital age — a college student who gamed the system, propelled by a primal understanding of how to program computers to serve human needs. Whatever the outcome of the legal wrangling, the battle over the origins of Facebook prompts a fundamental question: Is Mark Zuckerberg's social-networking empire, like so many other great fortunes in history, founded on a crime?

Posted by edelfenbein at June 18, 2008 12:45 PM

spacer
bottom of page image