Showing posts with label majority share. Show all posts
Showing posts with label majority share. Show all posts

Wednesday, 14 July 2010

Facebook assets frozen as man claims majority ownership

Paul D Ceglia says he signed a deal with Mark Zuckerberg in April 2003 to design and develop the website that ultimately turned into Facebook.

The contract, he says, gave him $1,000 and a 50 percent stake in the company.

And he claims that this stake was increased through a provision in one clause, so that it now gives him a majority share.

Source:
http://www.tgdaily.com/business-and-law-features/50623-facebook-assets-frozen-as-man-claims-majority-ownership