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Speed test shocker: AT&T wins Gizmodo’s 12-city 3G megatest
the intent is to fuck with the target company's IPO filing, and also fuck with their PR when they're not supposed to be saying much publicly.
there were a shitload of these that came down right as PayPal was getting ready to go out (banks, legislators, competitors, IP claims, patent filers, etc, etc). i'm sure every company going public goes thru it, some more noticeably than others.
however, in the end most times either thru failed suits and/or negotiated settlements, the beat goes on...
i kant spel reel gud yet, but i can has cheezburger.
(in yr blog, makin' pour commentz)
As an interesting comment on where the investor money has come from, view the above link. It's for interest sake and nothing else.
Personally, I don't give Facebook more than two more years of having an relevancy. Look at how MySpace is losing it's 'cool' factor, Facebook will be the next to fall.
However, if it is true that the UConnect brothers are quite wealthy and are going to dig in and keep fighting, maybe you're right -- its not that surprising.
The two brothers really should have set Zuckerberg to a stronger contract. Most programmers will "take" some of the code, unless specifically told not to.
Software companies have precious little ability to protect their IP. Patents don't really work - especially given how fast things move, Trademarks protect brand but not code which leaves only copyright, which unless stipulated in an employment contract, belongs to the writer.
This leads me to believe that the ConnectU folk have not really got a leg to stand on - unless they have contracts. Yahoo! will still buy Facebook if it wants, but this will form part of it's due-diligence process. If they don't bite, then I expect the ConnectU people DO have something on Facebook.
Considering many Web2.0 apps have only one way of making money for the owner (a massive payout in the form of trade-sale of IPO), it's surprising more don't document and track everything (and everyone) they touch during their growth.
REST IN PEACE FACEBOOK.
It very well may be the case that Zuckerberg stole the idea and primary source codes after working for the Winklevoss brothers. However, you cannot copyright an idea. If Zuckerberg came up with a better design concept and made a greater website than ConnectU, all the power to him.
The proof is in the pudding: ConnectU got no recognition and no money. They picked the short end of the stick. Therefore, when they realized Zuckerberg had struck proverbial gold with Facebook, they wanted to get their hands on a piece of the pie, too.
Not doing nondisclosure agreements, and not having a go-forward plan in place first on protecting the intellectual property, was a classic failure move on the part of the ConnectU founders. I agree that those were standard in the dot com boom and everything has become way too touchy-feely in Web 2.0 (but I am biased, as an attorney primarily for startups). This whole story is a case study in the "Anatomy of a Startup Screwup."
Carol Shepherd, Attorney, Ann Arbor, MI
http://arborlaw.com/blog/
Why don't you both Facebook and ConnectU - Merge it into One and call it Connect Facebook or make up some similiar and Both of the networks have nothing to lose so whats the fuss about?