Mark Zuckerberg is ''Quite Sure'' He Didn't Sign Away 84% of Facebook
Mark Zuckerberg has said he is "quite sure" he didn't sign away 84 percent of his company when it was first starting out.
Last week news emerged that a web designer by the name of Paul D. Cegli had filed a lawsuit against Facebook, claiming he owned a majority stake in the company. Cegli said he entered into a contract with Mark Zuckerberg in 2003, promising to design a website for the Facebook CEO. The contract stipulated that Cegli would design a site and pay Zuckerberg $1,000, and in return, he would receive a 50 percent stake in Facebook. The contract also states that Cegli would receive an additional 1 percent stake every day until thefacebook.com went live. All told, the suit alleges Cegli owns all but 16 percent of the social network.
A Facebook attorney made headlines yesterday when she said that Zuckerberg had done some contract work for Ceglia, but admitted she "wasn't sure" if Mark had signed the contract shown in court. Last night, Mark Zuckerberg told ABC's Diane Sawyer that he is quite sure he never signed the contract and says his lawyer's comment was probably taken out of context.
"If we said that we were unsure, that was likely taken out of context, because I think we were quite sure that we did not sign a contract that says they have any right to ownership over Facebook," PC Mag cites Zuckerberg as saying in the interview.