In the latest legal battle over Facebook, a guy named Paul Ceglia says CEO Mark Zuckerberg signed away what now amounts to 84% of the company to him back when he was 18
Yesterday in court, Ceglia’s lawyer said that Mark signed the contract after doing work for Ceglia on a site called StreetFax.
While we haven’t seen the purported contract, we have viewed documents that seem to confirm Ceglia paid Mark to develop a site called StreetFax. This was one of many freelance development projects Mark was working on around that time.
What has always seemed extra-silly about this lawsuit is how Ceglia’s paying Mark to develop a site for Ceglia would entitle Ceglia to an ownership stake in a future Mark Zuckerberg site.
If Mark’s lawyers can’t get the lawsuit nixed because of the statute of limitations, we expect we’ll find out what THAT story is.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.