News of Facebook’s new $50 billion valuation must have the Winklevoss twins stewing.They think Mark Zuckerberg and Facebook screwed them when they voluntarily agreed to settle their lawsuit taking $45 million worth of Facebook stock at a $15 billion valuation.
At the time the Winklevoss twins accepted the $15 billion valuation, Facebook was internally valuing itself at just $3.7 billion.
If the Winklevoss twins had settled at the $3.7 billion valuation, their stake in Facebook today would be valued at $608 million.
Instead it’s $150 million.
Still pretty great considering the twins haven’t done a thing to help Facebook, arguably ever, but certainly in the last six years.
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