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TIL How The Winklevoss Brothers Sued Mark Zuckerberg for $65 Million And Invested $11 Million Of It Into Bitcoin

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by COINS NEWS 42 Views

I stumbled upon an interesting short story about the Winklevoss Brothers suing Mark Zuckerberg many years ago for stealing their Facebook idea. I’ve read multiple articles and here is a summary of everything I have learned.

Back in 2004, the Winklevoss brothers sued Mark Zuckerberg saying he took their idea for Facebook. They ended up settling for $65 million in 2008. But here's where it gets interesting...

Instead of just keeping the money, the twins did something bold. In 2013, they put a big chunk of it into Bitcoin when it was worth about $120 for each coin!

Their investment, which seemed like a lot back then, grew a lot. Bitcoin's price went way up, making the Winklevoss twins some of the earliest Bitcoin billionaires.

Fun fact: The Winklevoss brothers founded Gemini in 2014.

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submitted by /u/Backwood20
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